StockWatch
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Trading & Distributors
Shareholding1 Jul 2026, 05:40 pm

Binny Mills: Promoter Group Inter-se Share Transfer via Gift

AI Summary

Binny Mills Ltd has filed a disclosure regarding an inter-se transfer of shares among its promoter group. T Amudha and others have acquired 16,74,854 equity shares through a gift from Mr. V R Venkataachalam, an immediate relative and promoter. This transaction, classified as an off-market inter-se transfer by way of gift, is exempt from open offer requirements under Regulation 10(1)(a)(i) and (iii) of the SEBI SAST Regulations, 2011. The acquisition represents 62.57% of the company's diluted share capital. The disclosure was made on June 22, 2026.

Key Highlights

  • Promoter group executed inter-se share transfer via gift.
  • 16,74,854 shares transferred, representing 62.57% of capital.
  • Transaction exempt from open offer under SEBI SAST Regulations.
  • Acquisition is an off-market gift between immediate relatives.