The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sri Ramachandra Enterprises Pvt Ltd
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Bemco Hydraulics disclosed an off-market transfer of 1,10,61,940 shares (25.29% of equity) from Sri Ramachandra Enterprises Pvt Ltd to Mohta Capital Pvt Ltd, both part of the promoter group, pursuant to a merger order passed by NCLT. As a result, Sri Ramachandra Enterprises' holding dropped from 25.29% to 0%, while Mohta Capital's holding rose from 30.44% to 55.73%, crossing the 50% majority threshold. Total equity share capital remains unchanged at 4,37,34,000 shares of Re 1 each. This is an internal promoter group restructuring rather than an open-market transaction.
No change in overall promoter group ownership — shares simply moved between two promoter entities. Mohta Capital now individually holds majority control (55.73%), which may centralize decision-making within the promoter group but should not affect minority shareholders or stock price.