Key Quantitative Figures
- Number of shares to be sold: Up to 55,00,000 equity shares
- Percentage of shareholding: 1.9663% of total paid-up equity share capital
- Current promoter group holding: 80.91% as of September 22, 2026
- Face value per share: ₹2
Timeline Details
- Sale period: From September 23, 2026 to October 31, 2026
- Completion: Actual date of completion or October 31, 2026, whichever is earlier
- Transaction method: Open market sales in single or multiple tranches
Parties Involved
- Seller: Mrs. Bina Kishore Chhabria, member of promoter/promoter group
- Compliance Officer: Sumeet Maheshwari, Company Secretary & Compliance Officer (Membership No. ACS - 15145)
Regulatory Framework
Disclosure made under:
- Rule 19(2)(b) and Rule 19A of Securities Contracts (Regulation) Rules, 1957
- Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Circular No. SEBI/HO/CFD/PoD2/P/CIR/2023/18 dated February 3, 2023
- SEBI Master Circular reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Compliance Undertaking
Promoter group has provided undertaking (Annexure 1) confirming they will not buy any equity shares in the open market on the dates when the proposed sale is undertaken.
Additional Compliance
Company will ensure adherence to:
- SEBI (Prohibition of Insider Trading) Regulations, 2015
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011