Please find the enlcosed Disclosure under Regulation 29(2) of SEBI (SAST) Regulations 2011
BATLIBOI · price
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Batliboi Limited has filed SAST disclosures for shares received by promoter group entities following the merger of Batliboi Environmental Engineering Limited (BEEL) into Batliboi Limited, which was approved by NCLT Mumbai on March 24, 2025 and became effective on April 1, 2025. The share exchange ratio is 9 equity shares of Batliboi (face value INR 5) for every 10 equity shares of BEEL (face value INR 10). As a result, Batliboi's total equity share capital expanded from 3,43,09,884 to 4,69,91,847 shares, a roughly 37% increase. Promoter Nirmal Bhogilal received 23,17,545 shares (taking his holding to 1,40,47,258 shares, 29.89%), Kabir Bhogilal received 48,37,500 shares (now 52,91,676 shares, 11.26%), and Sheela Bhogilal received 9,00,009 shares (now 17,41,031 shares, 3.70%). Additionally, Batliboi International Limited and Pranir Trustees Pvt Ltd, which will be reclassified as promoter group entities post-merger, received 27,00,000 shares (5.75%) and 19,12,500 shares (4.07%) respectively. Although absolute share counts increased, promoter percentage holdings were diluted due to the expanded capital base.
Existing shareholders face dilution of around 27% as the share base grew from 3.43 crore to 4.70 crore shares. The promoter group structure is expanding with new entities (Batliboi International, Pranir Trustees, and Hitco Investments) now being classified as part of the promoter group, consolidating family control. No cash was involved — this is an all-stock, court-approved amalgamation.