Banco Aluminium Private Limited has completed the inter-se transfer of 29,000 equity shares of Banco Products (India) Limited on March 23, 2026. The disposal, representing 0.02% of the paid-up capital, was executed by the Seller (Banco Aluminium) in favor of the Acquirer (Mr. Mehul Kanubhai Patel). This transaction was conducted via an off-market mechanism among parties belonging to the Promoter Group.
Mandatory Disclosure of Shareholding Change
This formal disclosure pertains to the transaction executed on March 23, 2026, involving the disposal of equity shares in Banco Products (India) Limited (the Target Company). The action involved an inter-se transfer between two related entities within the Promoter Group.
The key parties involved were:
- Donor/Seller: Banco Aluminium Private Limited
- Donee/Acquirer: Mr. Mehul Kanubhai Patel
Transaction Details
The transaction involved the disposal of 29,000 equity shares, each having a face value of Rs. 2/-. This transfer resulted in a change of 0.02% of the total share capital, both w.r.t. total shares and total diluted share capital of the Target Company.
Shareholding Position Before Transfer (Donor/Seller)
Prior to this disposal, Banco Aluminium Private Limited held 11,92,660 shares, constituting 0.83% of the voting capital. Following the transfer, their holding reduced to 11,63,660 shares, or 0.81%.
Shareholding Position Before Transfer (Acquirer)
Before the acquisition, Mr. Mehul Kanubhai Patel held 7,94,91,396 shares, representing a dominant stake of 55.57%. Post-acquisition, his holding increased marginally to 7,95,20,396 shares, which now stands at 55.59% of the total capital.
Aggregate Promoter Group Holding
The disclosure confirms that both the Seller and the Acquirer are part of the Promoter Group. The aggregate holding of the Donee (Acquirer) and related Persons Acting in Concert (PACs) remains substantial post-transaction. The total holding across all listed PACs (including Hasumati K. Patel, Sharan M. Patel, and others) aggregated to 9,70,99,984 shares, representing 67.88% of the total voting capital, both before and after the transaction, demonstrating no net change to the group’s overall control.
Capital Structure Context
The disclosure confirms the capital structure remained unchanged during the reporting period:
- Equity Share Capital Before/After Sale: Rs. 28,60,74,600 (based on 14,30,37,300 Equity Shares).
- Mode of Transfer: The transaction was executed via Off-market Inter Se transfer on 23.03.2026.
Source: BSE
