Intimation of receipt of requests for reclassification from "Promotor/ Promoter Group" category, as per Reg 31A of the SEBI (LODR) Regulations, 2015
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CIAN Agro Industries & Infrastructure Ltd has informed BSE that it received requests from 10 individuals/entities seeking reclassification from the 'Promoter/Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR. The combined holding of all 10 applicants is approximately 202,785 shares (around 0.72% of total equity share capital). Individual stakes are very small, ranging from 500 shares (0.001%) to 1,00,000 shares (0.36%) held by MM Activ Sci-Tech Communications Pvt Ltd. Some requests are from legal heirs of deceased shareholders who say the original holders are no longer connected to the company's operations or management. The Board of Directors will consider these reclassification requests in its next meeting, after which shareholder and stock exchange approvals will be needed.
The impact on shareholders and the stock is minimal — the total promoter stake being reclassified is less than 1%, and these are small, inactive holders who claim no management role. This is more of a housekeeping/corporate governance cleanup than a meaningful change in promoter control.