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.
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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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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
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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
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