NSEUpdates25 Jun 2026 · 25 Jun 2026, 06:08 pm
Updates
Sanginita Chemicals Limited · SANGINITA
✦ AI SummaryPromoter Reclassif.
Sanginita Chemicals Limited has informed the Exchange regarding 'Disclosure under Regulation 31A (10)(ii) of SEBI (LODR) Regulations, 2015 for Reclassification of promoter(s) pursuant to the Open Offer'. The company has reclassified one of its promoters from the 'Promoter/Promoter Group' category to the 'Public' category.
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Earnings Impact2/10
Growth Catalyst3/10
Governance Concern5/10
Regulatory Risk4/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
Sanginita Chemicals Limited has informed the Exchange regarding 'Disclosure under Regulation 31A (10)(ii) of SEBI (LODR) Regulations, 2015 for Reclassification of promoter(s) pursuant to the Open Offer'.
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SANGINITA_25062026180736_20260625_Disclosure_Regulation_31A_10__SILLP.pdf
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Disclosure under Regulation 31A (10)(ii) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Date: 25th June, 2026
The Manager,
Listing Department,
National Stock Exchange of India Limited
Exchange Plaza, C-1, Block G, Bandra Kurla Complex,
Bandra East, Mumbai – 400051
Symbol: SANGINITA (Series: EQ)
Dear Sir/Madam,
Sub: Disclosure under Regulation 31A (10)(ii) of SEBI (LODR) Regulations, 2015 (“Listing
Regulations”) – Reclassification of promoter(s) pursuant to the Open Offer
Ref: Draft Letter of Offer dated 8th April, 2026 by BNG Investment LLC and Mr. Anubhav Agarwal
(the “Acquirers”) for acquisition of shares of Sanginita Chemicals Limited (the “Target
Company”) (the “Open Offer”)
In terms of Regulation 31A (10) of the Listing Regulations, we wish to inform you that one of the Acquirers
have completed the transaction contemplated in Share Swap and Share Purchase Agreement (“SSSPA”)
dated 20th March, 2026 i.e. on 24th June, 2026 i.e. Date of actual transfer of equity shares from one of the
promoters seeking reclassification to the concerned Acquirer.
Accordingly, we wish to submit the following disclosures in relation to reclassification of the one of the
erstwhile promoters:
1. The intent of reclassification of the following person(s) from the “Promoter/Promoter Group” category
to “Public” category was disclosed in the Draft Letter of Offer dated 8th April, 2026.
2. Details of person(s) being reclassified are as follows:
Sr. Name of the person Existing Category % of shareholding Category after
No. after reclassification reclassification
1. Sanginita Industries LLP Promoter - Public
3. In accordance with Regulation 31A(3)(b) of the Listing Regulations, the said Promoters being
reclassified confirm that:
(i) they do not together, hold more than ten percent of the total voting rights in the Target Company;
(ii) they do not exercise control over the affairs of the Target Company directly or indirectly;
(iii) they do not have any special rights with respect to the Target Company through formal or informal
arrangements including through any shareholder agreements;
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(iv) they are not represented on the board of directors (including not having a nominee director) of the
Target Company;
(v) they do not act as key managerial personnel in the Target Company;
(vi) they are not ‘wilful defaulter’ as per the Reserve Bank of India Guidelines or a fugitive economic
offender
4. In accordance with Regulation 31A(3)(c) of the Listing Regulations, we confirm that:
(i) trading in the shares of the Target Company is not suspended by the stock exchange
(ii) there are no outstanding dues to SEBI, stock exchange or the any of the depositories
This intimation is made in compliance with Regulation 31A of the Listing Regulations. Accordingly, Mr.
Anubhav Agrawal, one of the Acquirers is classified as the ‘Promoters’ of our Company and
abovementioned person is reclassified into “Public Category”, in terms of the Regulation 31A of the Listing
Regulations, with effect from 24th June, 2026. .
Please note that the other acquirer viz. B N G Investment LLC is in the process of completing the acquisition
of shares from other Promoters and Promoter Group. The same will be intimated in due course in terms of
Regulations 31A of the Listing Regulations.
Kindly take the above information into your records.
Yours sincerely,
FOR, SANGINITA CHEMICALS LIMITED
GAURAV KUMAR TRIPATHI
WHOLE TIME DIRECTOR
DIN: 06372272
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