Orissa Bengal Carrier Limited has informed the Exchange about Memorandum of Understanding/Agreements
OBCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orissa Bengal Carrier received a letter from its Promoter and Managing Director, Mr. Ravi Agrawal, disclosing a Family Settlement Agreement entered on December 19, 2025 between two branches of the promoter family. The agreement aims to amicably divide inherited family property, including real estate in Hissar and Nagpur and vehicles. Critically, the agreement stipulates that the majority of equity shares held by the First Party (Manoj Kumar Agrawal family, holding only 1,600 shares as of March 31, 2026) in the company will be transferred to the Second Party (Ravi Agrawal family, holding approximately 98.9 lakh shares). The company is not a party to this private family agreement. The share transfer will consolidate promoter holding further in the Ravi Agrawal family branch.
The share transfer from one promoter family branch to another will further consolidate promoter holding in the company, with the Ravi Agrawal family (currently the dominant shareholder) acquiring additional shares from the Manoj Kumar Agrawal family branch. The impact on public shareholding and stock movement is likely minimal given the small quantum of shares involved.