Bharat Gears rebuts beneficial ownership claim by Mr Sameer Kanwar
BHARATGEAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bharat Gears filed a clarification under SEBI Regulation 31(4) addressing a disclosure by Mr Sameer Kanwar claiming beneficial interest in company shares. The company states Mr Kanwar holds zero shares as of March 31, 2026, that no transfer of shares from the promoter group has occurred, and that Chairman and Managing Director Surinder Paul Kanwar has not created any beneficial interest in his favour. A Delhi High Court order from March 12, 2024 recorded that the shares belong to the father. The matter is sub-judice.
Promoter holding unchanged at 55.32 percent. Company calls the claim frivolous and misleading, matter remains sub-judice in Delhi High Court.