Promoters reclassified to Public; BNG Investment LLC becomes new Promoter

Listed Co AcquisitionOpen Offer TriggeredStrategic Transactions View source PDF

SANGINITA · price

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Price reaction · full curve 14 horizons · vs prior close

+4.0%1-day move

₹42.40

prior close

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After-mkt

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AI summary

Sanginita Chemicals Limited has reclassified four outgoing promoters and promoter group members (Dineshsinh Chavada, Vijaysinh Chavda, Hansaben Chavada, and Anita Aswar) from Promoter to Public category after BNG Investment LLC completed its Open Offer. The Share Swap and Share Purchase Agreement dated 20 March 2026 was completed on 29 June 2026. Separately, Sanginita Industries LLP transferred equity shares to Anubhav Agarwal on 24 June 2026. The outgoing promoters confirm they hold under 10 percent voting rights and have no board control. BNG Investment LLC is now classified as the new Promoter of the company.

Likely market impact

Change of control at promoter level. Outgoing promoters exit, BNG Investment LLC takes over as new promoter. Expect further corporate actions.