To consider and approve the Request for Reclassification of M/s Shree Krishna Infrastructure Limited from Promoter and Promoter Group to Public Category.
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Awaiting price reaction for this filing.
The Board of Directors of Sungold Media and Entertainment Ltd, at its meeting on September 30, 2025, approved a request to reclassify M/s Shree Krishna Infrastructure Limited from the 'Promoter and Promoter Group' category to the 'Public' category. The reason given is that Shree Krishna Infrastructure Limited does not currently hold any equity shares in the company. The outgoing promoter group entity has confirmed it holds less than 10% of the paid-up equity share capital, does not exercise control over the company, has no special rights, no board representation, and is not a key managerial personnel, willful defaulter, or fugitive economic offender. The reclassification is subject to approval from BSE and other applicable regulators.
This is largely a formal/corrective update since Shree Krishna Infrastructure holds no shares — so there is no change in actual shareholding or voting power. Shareholders should note the reclassification reduces the size of the promoter group on paper but has no material impact on ownership or stock price.