Intimation under Regulation 30 read with sub-para 05 of Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015
OBCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orissa Bengal Carrier Ltd (OBCL) has disclosed a Family Settlement Agreement dated December 19, 2025, between two branches of the Agrawal family, both belonging to the promoter/promoter group. The agreement aims to amicably divide inherited family property. Under the terms, majority of equity shares held by the First Party (Manoj Kumar Agrawal's family, holding 1,600 shares) in the Company will be transferred to the Second Party (Ravi Agrawal's family, which already holds 98,91,015 shares). Ravi Agrawal is the Promoter and Managing Director. The Company is not a party to this agreement and states it does not constitute a related party transaction.
This transfer of shares between promoter families will increase the Second Party's stake further, consolidating promoter holding. Since Ravi Agrawal's family already holds the majority of shares, this strengthens their control over the Company. The small shareholding of the First Party (1,600 shares) means the impact on public shareholding is minimal, but investors should monitor for any change in promoter group dynamics.