Please find the enclosed herewith certificate from Independent Auditor for the Compliance with the conditions of the exemption granted under Regulation 11(5) of SEBI (Substantial Acquisition ....
BATLIBOI · price
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Awaiting price reaction for this filing.
The Bhogilal Family Trust has submitted a certificate from its independent auditor (V Sankar Aiyar & Co.) confirming compliance with the conditions of an exemption granted by SEBI on July 5, 2018 under Regulation 11(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The exemption relates to the off-market inter se transfer of 25,00,000 shares (8.7060% stake) of Batliboi Ltd from Mr. Nirmal Bhogilal to the Bhogilal Family Trust. The certificate, dated April 7, 2025, has been filed with BSE and copied to SEBI. This is a routine regulatory compliance submission confirming that the terms of the 2018 exemption continue to be met.
This is a procedural compliance filing with no new material impact on the company's operations, financials, or shareholding structure. The actual share transfer was executed years ago under a SEBI exemption, and this certificate merely confirms ongoing adherence to its conditions — investors should not expect any price movement from this announcement.