The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vidarbha Tradelinks Pvt Ltd
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Vidarbha Tradelinks Pvt Ltd (VTPL), part of the promoter group of Bajaj Steel Industries, has reported an acquisition of 26,400 equity shares (0.13%) of the company pursuant to an NCLT-approved Scheme of Arrangement among Bajaj Exports Pvt Ltd, Rohit Polytex Ltd, and VTPL. Under this scheme, Rohit Polytex's shareholding in Bajaj Steel Industries has been transferred to and vested in VTPL. As a result, VTPL's holding rose from 16,72,000 shares (8.04%) to 16,98,400 shares (8.17%), while Rohit Polytex's holding went to zero. The total promoter group shareholding in Bajaj Steel Industries remains unchanged at 16,98,400 shares (8.17%), as this is purely an internal reorganisation among promoter entities. The equity share capital of the company stands at Rs. 10.40 crore, comprising 2.08 crore equity shares of Rs. 5 each.
This is a neutral event for shareholders — no change in the overall promoter group stake, no fresh equity dilution, and no money has changed hands with the market. The transfer only consolidates promoter holdings under VTPL and is unlikely to affect the stock price.