Please find enclosed herewith the approval received from the Stock Exchange regarding Reclassification of the below mentioned "Promoter/ Promoter Group" category to "Public" category
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Kaizen Agro Infrabuild Ltd has received BSE approval to reclassify 5 individuals — Naresh Kumar Agarwal, Dinesh Agarwal, Santosh Devi Agarwal, Pallavi Agarwal, and Nitu Kanodia — from the 'Promoter/Promoter Group' category to the 'Public' category under SEBI Regulation 31A. Notably, all five persons already hold zero shares in the company, so this is a formal category change rather than a share sale. BSE approved the application (originally filed June 23, 2025) on September 18, 2025. Separately, BSE also issued a warning letter to the company for delayed disclosure — the reclassification application was submitted on June 23, 2025 but the related disclosure was only made on September 6, 2025, well beyond the 24-hour timeline required under SEBI rules.
Since the outgoing promoters already held no shares, this reclassification has no direct impact on shareholding structure or stock price, though it formally reduces the company's promoter group size. The warning letter highlights a compliance lapse in timely disclosure, which is a minor governance red flag for investors to monitor.