Disclosure under Regulation 29(2) of SEBI (SAST), Regulation, 2011 received from promoter of the company.
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CIAN Agro Industries informed BSE that promoter Chaitanya Constructions & Builders Pvt Ltd (CCBPL) has acquired an additional 1,65,66,821 equity shares (59.2%) of the company through an inter-se transfer among promoter group entities. This transfer happened because the NCLT Mumbai approved a scheme of amalgamation on May 7, 2025, under which five promoter group companies — Avinash Fuels, Purti Marketing, Greenedge Constructions, Nagpur Sugars, and Purti Contract Farming — merged into CCBPL. As a result, CCBPL's holding in CIAN Agro jumped from 7.68% (21.5 lakh shares) to 66.88% (1.87 crore shares). The total equity share capital remains 2,79,85,895 shares of Rs. 10 each. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011, and the scheme took effect on May 24, 2025.
This is purely an internal restructuring within the promoter group with no cash outflow to the company or minority shareholders. However, promoter holding now stands at a strong 66.88%, giving the promoter group much firmer control over the company. No open offer is triggered, so retail shareholders cannot exit at a control premium through this event.