The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saraogi Trust
BALRAMCHIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Saraogi Trust, part of the promoter/promoter group of Balrampur Chini Mills, acquired 42,84,531 equity shares (2.12% of total share capital) from Mr. Vivek Saraogi through a gift transfer on June 17, 2025. The shares were transferred without any consideration (zero cost) under a SEBI exemption order dated April 30, 2025, granted under Regulation 11(5) of the SAST Regulations. Before the transfer, Saraogi Trust held no shares; after the transfer, it holds 2.12% of the company. Importantly, the total promoter and promoter group shareholding of Balrampur Chini Mills remains unchanged — this is purely an internal reshuffle within the Saraogi family/promoter group.
Neutral for shareholders and stock price — this is an internal family reorganization within the promoter group with no change in total promoter ownership, no new money involved, and no impact on company control or minority shareholders.