The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chaitanya Constructions & Builders Pvt Ltd
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NCLT Mumbai approved a scheme of amalgamation on 7th May 2025, effective 24th May 2025, under which four promoter entities — Avinash Fuels, Purti Marketing, Greenedge Constructions, and Purti Contract Farming — merged into Chaitanya Constructions & Builders Pvt Ltd (CCBPL). As a result, all the CIAN Agro shares previously held by these four entities (16,56,821 shares or 59.2%) were transferred to CCBPL. CCBPL's holding in CIAN Agro rose from 21,50,000 shares (7.68%) to 1,87,16,821 shares (66.88%). The total equity capital of CIAN Agro is 27,985,895 shares of Rs 10 each. This is an inter-se transfer among promoters under Regulation 10(1)(a)(i) of SEBI SAST Regulations, so no open offer is triggered.
This is a promoter group restructuring — the ultimate promoter ownership of CIAN Agro does not change, but it is now concentrated under a single entity (CCBPL) holding over two-thirds of the company. Shareholders should see no change in management control, though the simplified promoter structure could make future corporate actions clearer.