The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Smt. Sumedha Saraogi & PACs
BALRAMCHIN · price
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Smt. Sumedha Saraogi along with PACs (Vivek Saraogi, family trusts, promoter group entities) has filed a SAST disclosure with the exchanges. Before the transaction, the promoter group's aggregate holding stood at 8,65,45,753 shares (42.85% of total share capital), of which a notably high 8,11,69,135 shares (40.19%) were held as encumbrance (pledge/lien/non-disposal undertaking). The filing reports a movement of 3,45,864 shares representing 0.16% of the company's share capital, though the direction of the trade (acquisition or disposal) is not clearly stated in the available text. The transaction was executed on the shares of Balrampur Chini Mills, which is listed on both NSE and BSE.
The promoter group remains comfortably in control at 42.85%, but the high proportion of pledged/encumbered shares (~40%) is a point of watch for retail investors. The 0.16% change is small and not material on its own, but any future disclosures on the encumbered shares could affect sentiment.