The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for B Saravanan & PACs
BANARISUG · price
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Awaiting price reaction for this filing.
Promoter B Saravanan has filed a revised SAST Regulation 29(1) disclosure with BSE and NSE, correcting an earlier filing from 11 September 2025 to include the date of acquisition. The disclosure relates to an off-market acquisition of 4,900 equity shares (0.04% of share capital) by B Saravanan, raising his individual holding in Bannari Amman Sugars from 1.40% (175,758 shares) to 1.44% (180,658 shares). The shares appear to have been transferred from Kerala Alcoholic Products Pvt Ltd, another Person Acting in Concert (PAC) with the promoter group. The combined promoter and PAC holding remains unchanged at 58.70% (7,360,276 shares) of total share capital, confirming this is an internal reshuffle within the promoter group rather than an external purchase or sale.
This is a minor inter-se transfer within the promoter group with no change in total promoter ownership, so it has negligible impact on the stock price or minority shareholders. The revision is purely administrative to fix a missing date, which suggests compliance housekeeping rather than any strategic change in ownership.