The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chaitanya Constructions & Builders Pvt Ltd
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Chaitanya Constructions & Builders Pvt Ltd, a promoter of CIAN Agro Industries, has acquired 59.20% of the company's diluted share capital from four other promoter entities (Avinash Fuels, Purti Marketing, Greenedge Constructions, and Purti Contract Farming). This is an inter-se transfer among promoters pursuant to a Scheme of Amalgamation approved by NCLT Mumbai on 7 May 2025, effective 24 May 2025. As a result, Chaitanya Constructions' stake rises from 7.68% (2,15,000 shares) to 66.88% (1,87,16,821 shares) post-transaction, while the four transferor entities' holdings go to nil. The total promoter group economic interest in the company remains unchanged — only the holding structure within the promoter group is being consolidated. Since the transfer is between qualifying promoters, it is exempt from the open offer obligation under Regulation 10(1)(a)(i).
No change in total promoter ownership or voting power of the company; this is purely an internal restructuring of promoter entities. Shareholders should not expect any impact on stock price or promoter control — it is a corporate simplification exercise for the promoter group.