Electrosteel Thermal Coal Limited, part of the Promoter Group, has disclosed the acquisition of 2,05,05,000 equity shares in Electrosteel Castings Limited. This transaction, which occurred on March 18, 2026, increased the aggregate shareholding of the Promoter/Promoter Group to 49.53% of the total voting capital. A smaller prior acquisition of 5,000 shares occurred on November 11, 2024, contributing to the total cumulative stake increase.
Disclosure of Shareholding Change by Promoter Group
Electrosteel Thermal Coal Limited has formally reported a substantial acquisition of equity shares in the target company, Electrosteel Castings Limited, in compliance with relevant regulations. This disclosure details transactions carried out by the Promoter Group between November 2024 and March 2026.
Acquisition Details
The disclosure outlines two key acquisition events undertaken by the Promoter/Promoter Group:
- Mr. Uddhav Kejriwal acquired 5,000 Equity Shares on November 11, 2024.
- Electrosteel Thermal Coal Limited acquired 2,05,00,000 Equity Shares on March 18, 2026.
The total number of equity shares acquired by the Promoter/Promoter Group amounts to 2,05,05,000, which represents a 3.32% increase in the voting capital, acquired via OPEN MARKET ACQUISITION.
Shareholding Before and After Transaction
Prior to these acquisitions, the holding of the acquirer (along with Persons Acting in Concert) stood at 28,56,74,231 shares, equating to 46.21% of the total share capital. Following the transactions:
- The resulting shareholding of the acquirer group is 30,61,79,231 shares.
- This new holding translates to 49.53% of the total equity share capital of Electrosteel Castings Limited.
Capital Structure Context
The total equity share capital of the Target Company (Electrosteel Castings Limited) remained constant throughout the acquisition period at 61,81,84,591 Equity Shares (Face Value ₹1 each), aggregating to ₹61,81,84,591/-. The post-acquisition total diluted share/voting capital remains the same, confirming that the acquisition did not involve convertible securities changing status.
Annexure Details Highlight
The detailed annexure confirms that the bulk of the acquisition, 2,05,00,000 shares, contributed 3.32% to the capital, while the total shares acquired by the group across all entities listed in the annexure before the latest transaction totaled 28,56,74,231, representing 46.21%.
Source: BSE
