Disclosure under Regulation 7(2)(b) of SEBI (PIT) Regulation, 2015
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Chaitanya Constructions & Builders Pvt Ltd, a promoter entity of CIAN Agro, acquired 21,50,000 equity shares (7.68% of paid-up capital) of the company through an off-market inter-se transfer on 24 May 2025. This transfer happened as part of a Scheme of Amalgamation under which four existing promoter entities — Avinash Fuels Pvt Ltd, Purti Marketing Pvt Ltd, Greenedge Constructions Pvt Ltd, and Purti Contract Farming Pvt Ltd — were merged into Chaitanya Constructions, with NCLT approval received on 7 May 2025. As a result, Chaitanya Constructions' holding in CIAN Agro increased from about 59.20% to 66.88% (1,65,66,821 shares). The transaction is exempt from open-offer obligations under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations as an inter-se promoter transfer.
There is no change in the overall promoter group shareholding in CIAN Agro — only a reshuffling within the promoter group. Shareholders should see this as an internal corporate restructuring event, not a new external buyer entering the stock. No immediate impact on share price is expected since the combined promoter stake remains the same and no cash transaction occurred in the market.