The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vivek Saraogi & PACs
BALRAMCHIN · price
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Vivek Saraogi, a promoter of Balrampur Chini Mills, has transferred 5,24,48,387 equity shares (25.98% of total equity) to the Saraogi Family Trust by way of gift without any consideration. The transfer was done under a SEBI exemption order dated April 30, 2025, since both the transferor and the trust are part of the promoter/promoter group. As a result, Vivek Saraogi's personal holding dropped sharply from 30.76% to 4.79%, while the PAC (Persons Acting in Concert) holding rose from 12.11% to 38.08%. Importantly, the total promoter group holding remains unchanged at 42.87% of the company. The transaction took place on June 17, 2025, and is purely an internal restructuring within the promoter family.
No impact on total promoter ownership or overall control of the company — this is an internal estate-planning move within the Saraogi family. For retail shareholders, nothing changes in terms of promoter control, voting power, or company operations, though it consolidates a large block of shares into the family trust.