Nature of Disclosure: This is a regulatory compliance filing submitted by the Ministry of Coal, Government of India, on behalf of the President of India (the Promoter of Coal India Limited). The disclosure is made pursuant to Regulation 29(2) of the SEBI Takeover Regulations to inform about the sale of equity shares by the promoter.
Details of the Offer for Sale (OFS): The promoter filed a notice with the stock exchanges on May 26, 2026, proposing to sell equity shares in Coal India Limited through an Offer for Sale (OFS) mechanism. The offer had the following structure:
- Base Offer Size: Up to 61,627,283 equity shares, representing 1.00% of the total paid-up equity share capital of the Company.
- Oversubscription Option: An option to additionally sell up to 61,627,283 equity shares, representing an additional 1.00% of the total paid-up equity share capital.
- Employee Offer: Additionally, up to 25,000 equity shares were offered to eligible employees of the Company.
The offer was conducted through a separate, designated window of the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The transaction was executed under the framework provided by the SEBI Master Circular (SEBI/HO/MRD/PoD2/CIR/P/2024/00181 dated December 30, 2024) and the respective operational circulars issued by BSE (Notice no. 20240701-19 dated July 1, 2024) and NSE (Circular no. 93/2024 dated July 12, 2024).
Transaction Timeline:
- T Day (for non-Retail Investors only): May 27, 2026
- T+1 Day (for Retail Investors, Employees, and non-Retail Investors carrying forward un-allotted bids): May 29, 2026
The disclosure is being made within 2 working days of the closure of the offer, as required under Regulation 29(3) of the SEBI Takeover Regulations.
Shareholding Details:
- Total Equity Share Capital of Coal India Limited: 6,162,728,327 equity shares (Face value of ₹10 per share). This figure remained unchanged before and after the sale.
- Promoter's Pre-Sale Holding: 3,890,735,938 shares, representing 63.13% of the total paid-up equity capital. There were no shares under encumbrance (pledge/lien), no voting rights otherwise than by equity shares, and no warrants/convertible securities.
- Shares Sold: 123,279,566 equity shares carrying voting rights were sold. This represents 2.00% of the total paid-up equity capital.
- Promoter's Post-Sale Holding: 3,767,456,372 shares, representing 61.13% of the total paid-up equity capital.
Method of Disposal: The shares were sold through the stock exchange mechanism (Offer for Sale) as per the prescribed guidelines, not through off-market or preferential allotment.
The enclosed report format prescribed by SEBI is part of the disclosure.