Kaizen Agro Infrabuild Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/06/2025 ,inter alia, to consider and approve the Reclassification ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kaizen Agro Infrabuild Ltd (formerly Anubhav Infrastructure Ltd, BSE Scrip: 538833) has called a board meeting on June 23, 2025, to consider reclassifying five individuals — Dinesh Agarwal, Pallavi Agarwal, Naresh Kumar Agarwal, Santosh Devi Agarwal, and Nitu Kanodia — from the 'Promoter and Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. All five applicants have stated they currently hold zero equity shares in the company and have no role in its operations, board, or key management. Each has submitted individual undertakings dated June 16, 2025, confirming they are not wilful defaulters or fugitive economic offenders and have no control or special rights. The reclassification, if approved, will formally remove these individuals from the promoter group.
Since all five applicants hold zero shares and are exiting the promoter category, the effective promoter group holding in the company reduces further. This indicates the company likely has very limited or zero promoter shareholding, which could signal weak promoter commitment and raise governance concerns for retail investors watching for promoter skin-in-the-game.