Bharat Gears Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
BHARATGEAR · price
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Awaiting price reaction for this filing.
Bharat Gears Limited has clarified that Mr. Sameer Kanwar holds NIL shares in the company, rebutting a disclosure he had filed claiming otherwise. The company rejected his BEN-1 form claiming beneficial interest, which was based on an alleged Memorandum of Family Settlement, as the matter is sub-judice in the Delhi High Court. Chairman and Managing Director Mr. Surinder Paul Kanwar has confirmed he has not created any beneficial interest in Mr. Sameer Kanwar's favor, directly or indirectly. The promoter group's total shareholding remains 55.31% (84,93,503 shares) as of March 31, 2025, with public shareholders holding 44.69% (68,61,555 shares).
No change in actual shareholding pattern. This is a formal rebuttal of a third-party claim and does not affect current shareholders. Investors should monitor the Delhi High Court case, as an adverse ruling could potentially create a claim on promoter-held shares.