The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vidarbha Tradelinks Pvt Ltd
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Vidarbha Tradelinks Private Limited (VTPL) has acquired 26,400 equity shares (0.13% of diluted share capital) of Bajaj Steel Industries Ltd from Rohit Polytex Limited. This transfer was carried out on 04-12-2025 pursuant to a Scheme of Arrangement sanctioned by the NCLT between Bajaj Steel Industries Ltd and VTPL. After the transfer, VTPL's holding stands at 16,99,400 shares, while Rohit Polytex's holding has reduced to zero. The acquirer (VTPL) has been exempted from making an open offer under Regulation 10(1)(d)(iii) of the SEBI Takeover Regulations, as this is classified as an inter-se transfer of shares within the promoter/promoter group entities. Disclosure under Regulation 10(5) was not required.
This is a routine internal reshuffling of shares within the promoter group via a court-approved scheme, with no impact on overall promoter group holding or minority shareholders. No open offer obligation arises. The stock price is unlikely to be materially affected as only 0.13% of share capital has shifted between related entities.