Banco Aluminium Private Limited has reported the disposal of 29,000 equity shares in Banco Products (India) Limited on March 23, 2026. The transfer was an inter-se transfer between the seller, Banco Aluminium Private Limited, and the acquirer, Mr. Mehul Kanubhai Patel. This transaction involved shares representing 0.02% of the total paid-up capital. Following the transaction, Mr. Patel’s holding, along with his Persons Acting in Concert (PACs), now stands at 67.88% of the target company’s total equity.
Disclosure of Share Transfer Activity
This document details a significant change in shareholding concerning Banco Products (India) Limited (the Target Company). The disclosure confirms the disposal of 29,000 equity shares, each with a face value of Rs. 2/-, completed on March 23, 2026.
The transaction was executed via an off-market inter-se transfer. Banco Aluminium Private Limited acted as the Donor (Seller), while Mr. Mehul Kanubhai Patel served as the Donee (Acquirer).
Impact on Shareholding Percentages
The transferred shares represented 0.02% of the total paid-up capital of the Target Company before the transaction.
The report details the shareholding structure after the acquisition/disposal for the acquirer group (Mehul Kanubhai Patel and his PACs):
- The total number of shares held by the Acquirer group stands at 9,70,99,984 shares.
- This cumulative holding represents 67.88% of the total share/voting capital of the Target Company.
Key figures within the Acquirer’s group include:
- Mehul Kanubhai Patel (Acquirer): Now holds 7,95,20,396 shares, equivalent to 55.59%.
- Banco Aluminium Private Limited (Donor): Retains 11,63,660 shares, accounting for 0.81%.
The report also notes the corresponding holdings of the Persons Acting in Concert (PACs) within the Acquirer group, such as Mrs. Hasumati K. Patel (2.07%) and Mr. Samir K. Patel (7.01%).
Transaction Context
The total equity share capital of the Target Company remains unchanged at 14,30,37,300 Equity Shares (Capital of Rs. 28,60,74,600) both before and after this specific disposal.
The disclosure was executed by Mr. Hemendra Chandrakant Patel, Whole-time Director for the Donor, on March 24, 2026, while the Acquirer, Mr. Mehul Kanubhai Patel, signed the document on the same date in Dubai.
Source: BSE
