Please find the enclosed herewith Certificate received from Independent Auditor for the Compliance with the conditions of the exemptions granted under regulation 11(5) of SEBI (Substantial ....
BATLIBOI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Batliboi Ltd's promoter, Mr. Nirmal Bhogilal, transferred 45 lakh equity shares (15.67% of the company) to the Bhogilal Family Trust through an off-market, inter se transfer. This transfer was done under an exemption granted by SEBI on 24 March 2017 under Regulation 11(5) of the SEBI Takeover Regulations, 2011, which allows such transfers within promoter groups without triggering open offer requirements. Chartered Accountants V Sankar Aiyar & Co. have issued a certificate dated 7 April 2025 confirming that the trust has complied with all conditions attached to this exemption. The filing has been submitted to BSE and copied to SEBI as a record of compliance.
No material impact for retail shareholders — the shares are simply moving from one promoter-group entity (Mr. Nirmal Bhogilal) to another (the Bhogilal Family Trust), so the total promoter holding in Batliboi Ltd remains unchanged. This is a routine regulatory compliance filing and should not affect the stock price.