The Board considered and approve the request for reclassification of M/s Shree Krishna Infrastructure Limited from Promoter Group Category to Public Category
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The Board of Directors of Sungold Media and Entertainment Ltd, at its meeting on September 30, 2025, approved the reclassification of M/s Shree Krishna Infrastructure Limited from the 'Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations. The reclassification is based on the fact that Shree Krishna Infrastructure Limited does not hold any equity shares in the company and satisfies all required conditions, including holding less than 10% voting capital, not exercising control, and not having any board representation. The reclassification is subject to approval from BSE, and the company will make the necessary applications to obtain stock exchange approval.
This is a largely administrative reclassification since the outgoing promoter group entity holds zero shares in the company, meaning there is no real change in shareholding structure. It may slightly clean up the promoter group composition but is unlikely to have a material impact on the stock price.