Please find the enclosed Disclosure under Regulation 10(6) of SEBI (SAST) Regulations 2011
BATLIBOI · price
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Batliboi Ltd has filed SEBI takeover regulation disclosures following the merger of its subsidiary Batliboi Environmental Engineering Ltd (BEEL) into itself, approved by NCLT Mumbai on March 24, 2025 and effective April 1, 2025. Under the scheme, BEEL shareholders received 9 Batliboi shares (face value INR 5) for every 10 BEEL shares held. Six acquirers from the promoter/promoter group received new shares: Nirmal Bhogilal got 23.17 lakh shares (post-merger holding 29.89%, down from 34.19% due to dilution), Kabir Bhogilal got 48.37 lakh shares (rising sharply from 1.32% to 11.26%), Sheela Bhogilal got 9 lakh shares (2.45% to 3.70%), Batliboi International Ltd got 27 lakh shares (0% to 5.75%), Pranir Trustees Pvt Ltd got 19.12 lakh shares (0% to 4.07%), and Hitco Investments got 14,400 shares. The acquirers are exempted from making an open offer under Regulation 10(1)(d)(ii) since this is a scheme-based allotment.
This is a non-cash, scheme-driven share issuance to existing promoter group members, so no immediate cash impact or open offer obligation. Existing minority shareholders face ~17% effective dilution from the enlarged equity base, but promoter control and board composition remain unchanged.