Binny Mills: Promoter VR Venkataachalam Gifts 74,600 Shares
Binny Mills Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from promoter VR Venkataachalam. The disclosure pertains to an inter-se transfer of 74,600 equity shares via gift to an immediate relative, also a promoter. This transaction, occurring off-market on June 29, 2026, resulted in a slight shift in shareholding percentages. Prior to the transfer, VR Venkataachalam held 15,40,254 shares (59.62% of total capital). Post-transfer, his holding remains 15,40,254 shares, but the percentage is now calculated against a slightly adjusted total diluted capital, with the gifted shares representing 2.89% of the total diluted capital. The total equity share capital of the company remains Rs. 2,58,32,700.
Key Highlights
- Promoter VR Venkataachalam gifted 74,600 shares of Binny Mills.
- The transfer was an off-market, inter-se gift between immediate relatives.
- The transaction falls under SEBI SAST Regulations disclosure requirements.
- Shareholding percentages saw a minor adjustment post-transfer.
Price Impact
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