The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Banco Aluminium Pvt Ltd & PACs
BANCOINDIA · price
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Banco Products (India) Ltd informed the exchanges about an internal share transfer within the promoter group on 23rd March 2026. Banco Aluminium Private Limited (promoter entity) sold 29,000 equity shares of face value Rs. 2 each to Mr. Mehul Kanubhai Patel (another promoter) via an off-market inter se transfer. The transaction represents just 0.02% of the company's paid-up capital (total paid-up capital is Rs. 28.60 crore divided into equity shares of Rs. 2 each). Since both the seller and buyer belong to the promoter group and Persons Acting in Concert, the aggregate promoter holding remains unchanged at around 67%. The seller (Banco Aluminium Pvt Ltd along with PACs) moved from 55.57% to 55.55%, while the acquirer (Mehul Kanubhai Patel along with PACs) moved from 11.63% to 11.65%.
This is a routine internal reshuffle of shares within the promoter family and has no material impact on the company's ownership structure or shareholder value. The total promoter group stake remains effectively the same, so retail investors need not be concerned about any change in control or dilution.