Badrinath Industries Limited, a key entity within the Promoter Group of Electrosteel Castings Limited, has purchased 20,08,825 Equity Shares. The transaction, completed on March 27, 2026, involved an aggregate cost of approximately ₹16.07 crore. This disclosure is made in compliance with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Following the acquisition, the Promoter Group’s total shareholding increased to 0.51%.
Insider Transaction Disclosure by Promoter Group
Electrosteel Castings Limited has formally announced a significant acquisition of shares by a member of its Promoter Group, Badrinath Industries Limited. The disclosure, filed on March 30, 2026, details transactions conducted under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Details of Share Acquisition
Badrinath Industries Limited executed the purchase of 20,08,825 Equity Shares of the company. This acquisition took place on the National Stock Exchange of India Limited (NSE) on March 27, 2026, executed via Market Purchase.
The total aggregate cost incurred for acquiring these shares amounted to Rs 16,06,79,637.81/- (approximately ₹16.07 crore).
Change in Shareholding Percentage
The disclosure highlights the change in the promoter entity’s stake:
- Securities held prior to acquisition: 11,37,246 shares, equating to 0.18% of the total share capital.
- Securities acquired: 20,08,825 shares.
- Securities held post acquisition: 31,46,071 shares.
- Post-acquisition shareholding percentage: 0.51%.
The Company Secretary of Electrosteel Castings Limited, Indranil Mitra, confirmed receipt and advised that the information should be taken on record by the stock exchanges.
Source: BSE
