NSEDisclosure under SEBI Takeover Regulations2d ago · 3 Sept 2026, 05:12 pm
Disclosure under SEBI Takeover Regulations
Bharat Rasayan Limited · BHARATRAS
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MPG Family Trust has acquired 11,59,673 equity shares of Bharat Rasayan Limited, representing 6.9771% of the total share capital, through an off-market transfer by way of gift having NIL value from the promoter and promoter group, pursuant to the exemption received via SEBI Order No. WTM/KCV/CFD/03/2026-27 dated 12 June, 2026.
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Full Announcement
MPG Family Trust has submitted to the Exchange a copy of Disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
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DISCLOSURE UNDER REGULATION 29(1)
SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Date: August 24, 2026
The Compliance Officer
Bharat Rasayan Limited
1501, Vikram Tower
Rajendra Place, New Delhi – 110008
The Manager
National Stock Exchange of India Limited
Mumbai – 400001
Trading Symbol: “BHARATRAS”
Sub: Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011, I/we hereby submit the disclosure in respect of acquisition of equity shares
of Bharat Rasayan Limited by MPG Family Trust as under:
Part A - Details of Acquisition
Particulars Details
Name of the Target
Bharat Rasayan Limited
Company
Name(s) of the acquirer MPG Family Trust
and Persons Acting in Mahabir Prasad Gupta
Concert (PAC) with the Savita Gupta
acquirer Vikas Gupta
No, the acquirer(s) did not form part of the Promoter or Promoter
Group of the Target Company prior to the transaction. However,
Whether Acquirer belongs
since the Trusts have been constituted by the Promoter(s) of the
to Promoter/Promoter
Target Company, it shall be classified as part of the Promoter
Group
and Promoter Group of the Target Company upon completion of
the acquisition.
Name(s) of the Stock
Exchange(s) where the NSE
shares of TC are Listed
Date of Acquisition 24/08/2026
Off-market transfer by way of Gift having NIL Value from
promoter and promoter group pursuant to the exemption
Mode of Acquisition
received via SEBI Order No. WTM/KCV/CFD/03/2026-27 dated
12 June, 2026
Transferor Mr. Mahabir Prasad Gupta
Acquirer(s) have acquired the 11,59,673 (6.9771%) equity
Basis of Acquisition
shares via Off-market transfer by way of Gift having NIL Value
Particulars Details
from promoter and promoter group pursuant to the exemption
received via SEBI Order No. WTM/KCV/CFD/03/2026-27 dated
12 June 2026.
The said Acquisition is only a private family arrangement and a
non- commercial transaction for smooth succession planning of
the promoter’s family and to streamline the promoter’s family
assets and businesses.
Details of the acquisition as follows
Before the acquisition under consideration, holding of acquirer along with PACs
Name Number of Shares % of Total Share Capital
MPG Family Trust Nil Nil
Mahabir Prasad Gupta 1 6 5 6 6 7 6 9 . 9 7 %
Vikas Gupta 7 6 0 7 9 6 4 . 5 8 %
Savita Gupta 4 4 8 6 6 0 2 . 7 0 %
Details of acquisition
Name Number of Shares % of Total Share Capital
MPG Family Trust 11,59,673 6.98%
After the acquisition, holding of acquirer along with PACs
Name Number of Shares % of Total Share Capital
MPG Family Trust 11,59,673 6.98%
Mahabir Prasad Gupta 4 9 7 0 0 3 2 . 9 9 %
Vikas Gupta 7 6 0 7 9 6 4 . 5 8 %
Savita Gupta 4 4 8 6 6 0 2 . 7 0 %
Equity share capital / total voting 1,66,21,072 (One Crore Sixty-Six Lakh Twenty-
capital of the TC before the said One Thousand and Seventy-Two) Equity Shares
acquisition @₹ 5/- each
Equity share capital/ total voting 1,66,21,072 (One Crore Sixty-Six Lakh Twenty-
capital of the TC after the said One Thousand and Seventy-Two) Equity Shares
acquisition @₹ 5/- each
1,66,21,072 (One Crore Sixty-Six Lakh Twenty-
Total diluted share/voting capital
One Thousand and Seventy-Two) Equity Shares
of the TC after the said acquisition
@₹ 5/- each
Part B - Details of PACs
The Acquirer is part of the Promoter and Promoter Group of the Target Company.
Persons acting in concert include existing Promoters and Promoter Group entities of Bharat
Rasayan Limited.
1. Mahabir Prasad Gupta (Settlor & Trustee)
o PAN: ACCPG5357L
o Aadhaar: 3528-2372-5794
o Date of Birth: 12 January 1954
o Status: Individual (Resident Indian)
o Address: House No. 6, Road No. 28, Near Dhingra Park, East Punjabi Bagh,
Delhi – 110026
o Contact Details: mpg@bharatgroup.co.in
o Relationship with Acquirer: Settlor and Trustee of the Trust
2. Savita Gupta (Trustee)
o PAN: AEBPG4800K
o Aadhaar: 9251-5650-4101
o Date of Birth: 18 April 1960
o Status: Individual (Resident Indian)
o Address: House No. 6, Road No. 28, Near Dhingra Park, East Punjabi Bagh,
Delhi – 110026
o Contact Details: mpg@bharatgroup.co.in
o Relationship with Acquirer: Trustee
3. Vikas Gupta (Trustee)
o PAN: AEBPG4811L
o Aadhaar: 2216-8250-0247
o Date of Birth: 16 June 1982
o Status: Individual (Resident Indian)
o Address: House No. 6, Road No. 28, Near Dhingra Park, East Punjabi Bagh,
Delhi – 110026
o Contact Details: vikas@bharatgroup.co.in
o Relationship with Acquirer: Trustee
4. Sweta Gupta (Trustee)
o PAN: AMSPJ2246H
o Aadhaar: 8476-9077-2536
o Date of Birth: 17 December 1984
o Status: Individual (Resident Indian)
o Address: House No. 6, Road No. 28, Near Dhingra Park, East Punjabi Bagh,
Delhi – 110026
o Contact Details: vikas@bharatgroup.co.in
o Relationship with Acquirer: Trustee
Declaration
The acquisition has been undertaken pursuant to the exemption granted by SEBI vide Order
No. WTM/KCV/CFD/03/2026-27 dated 12 June 2026 granting exemption from Regulations
3(2) and 4 of the SEBI (SAST) Regulations, 2011 in connection with acquisition of 11,59,673
equity shares of Bharat Rasayan Limited by MPG Family Trust. The exemption order also
requires compliance with applicable disclosure obligations.
For MPG Family Trust
MAHABIR PRASAD GUPTA
TRUSTEE