Please find the attached copy fo Certficate form Independent Auditor in complinace to SEBI Order
BATLIBOI · price
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Awaiting price reaction for this filing.
Batliboi Ltd has submitted a compliance certificate confirming that the conditions of a SEBI exemption granted on March 24, 2017 have been met. The exemption pertains to an off-market transfer of 45,00,000 equity shares (15.67% of total equity) from Mr. Nirmal Bhogilal (Managing Trustee) to the Bhogilal Family Trust. The certificate from an independent auditor verifies that the transfer was carried out in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. A copy was also sent to SEBI directly.
This is a routine compliance filing confirming proper execution of a share transfer that was already approved under SEBI exemption. The transfer represents movement of shares from an individual promoter to a family trust, which may have tax or succession planning implications. No immediate impact on stock price expected as this is a historical transfer being regularized.