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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Awaiting price reaction for this filing.
Vivek Saraogi, part of the promoter group of Balrampur Chini Mills, has transferred 42,84,531 equity shares (2.12% of the company's share capital) to Saraogi Trust as a gift without any consideration. Both entities are part of the promoter/promoter group, and the transfer was made under a SEBI exemption (Regulation 11(5)) granted via order dated April 30, 2025. After this transfer, Vivek Saraogi's individual holding falls from 4.79% to 2.66%, while Saraogi Trust's holding rises from 38.08% to 40.21%. Importantly, the total promoter and promoter group shareholding remains unchanged at 42.87% of the company, as this is purely an internal reorganisation within the promoter family.
This is a neutral event for shareholders — it is merely an internal reshuffle of shares within the promoter family and does not change the overall promoter ownership or control of Balrampur Chini Mills. No impact on stock price is expected as no external party is involved.