Bharat Gears Limited has informed the Exchange about General Updates:In terms of Regulation 30 of the LODR Regulations, this is to inform you that the Board of Directors of the Company in its meeting held on July 29, 2025 considered and ratified the inclusion of name of Late Dr. Raunaq Singh, under the Promoter Group Category.We request you to take note of the same and make necessary updations in your records.
BHARATGEAR · price
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The Board of Directors of Bharat Gears, at its meeting on July 29, 2025, ratified the inclusion of Late Dr. Raunaq Singh's name under the 'Promoter Group Category'. This reverses an earlier January 24, 2025 decision to remove his name from the promoter category after his demise in 2002. The reversal came after NSE advised that the name cannot be moved to the 'Public Category' until 907 equity shares held in his name are transmitted to the ultimate beneficial owner. The 907 shares will remain classified under the Promoter Group Category until transmission. The company has also approached NSE for clarity on how these shares will be treated if transferred to the IEPF Authority due to seven consecutive years of unclaimed dividends (from FY2018-19).
This is a procedural housekeeping update involving only 907 equity shares — a negligible stake with no real impact on shareholding pattern or stock price. Investors should note the ongoing IEPF clarification request, but no material change in promoter holding is implied.