NSEUpdates29 Jun 2026 · 29 Jun 2026, 08:50 pm

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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 - Reclassification of promoter(s) pursuant to the Open Offer'. The company has completed the transactions contemplated in Share Swap and Share Purchase Agreement and reclassified the erstwhile promoters into the 'Public' category.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern6/10
Regulatory Risk4/10
Balance Sheet Risk2/10
Liquidity Impact5/10
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 Reclassification of promoter(s) pursuant to the Open Offer'.

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SANGINITA_29062026204956_20260629_Disclosure_Regulation_31A_10__OtherPromoter_PG.pdf

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Disclosure under Regulation 31A (10)(ii) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Date: 29th 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 (the “Acquirer”) 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 the Acquirers have completed the transactions contemplated in Share Swap and Share Purchase Agreement (“SSSPA”) dated 20th March, 2026 on 29th June, 2026 i.e. Date of actual transfer of equity shares from promoters seeking reclassification to the Acquirer/ date of taking control on the Target Entity by the Acquirers. Accordingly, we wish to submit the following disclosures in relation to reclassification 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. Dineshsinh Bhimsinh Promoter - Public Chavada 2. Vijaysinh Dineshsinh Promoter - Public Chavda 3. Hansaben Dineshsinh Promoter Group - Public Chavada 4. Anita Ravindrasinh Aswar Promoter Group - Public Note: Vide Letter dated 25th June, 2026, disclosure was made in respect of transfer of equity shares on 24th June, 2026 by M/s Sanginita Industries LLP to Mr. Anubhav Agarwal Page 1 of 2 3. In accordance with Regulation 31A(3)(b) of the Listing Regulations, the Promoters and Promoters Group i.e. the persons related to the Promoter(s) 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; (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, Acquirers are classified as the ‘Promoters’ of our Company and abovementioned persons are reclassified into “Public Category”, in terms of the Regulation 31A of the Listing Regulations, with immediate effect. Kindly take the above information into your records. Yours sincerely, FOR, SANGINITA CHEMICALS LIMITED GAURAV KUMAR TRIPATHI WHOLE TIME DIRECTOR DIN: 06372272 Page 2 of 2