Allied Blenders and Distillers Limited announced that a member of its promoter group, Mrs. Bina Kishore Chhabria, intends to sell up to 55,00,000 Equity Shares. This amounts to approximately 1.9663% of the company’s total paid-up equity share capital. The sale is planned to occur in the open market between September 23, 2026, and October 31, 2026, to achieve the Minimum Public Shareholding (MPS) norms.
Promoter Stake Sale to Meet Public Shareholding Norms
Allied Blenders and Distillers Limited has disclosed plans for a partial divestment of shares by a promoter group member. Mrs. Bina Kishore Chhabria, a key figure within the Promoter Group, will be selling a portion of her holdings in the open market. This strategic sale is aimed at ensuring the company complies with the Minimum Public Shareholding (MPS) requirements as mandated by regulatory bodies.
Sale Details and Timeline
The proposed sale involves up to 55,00,000 Equity Shares of the company, representing approximately 1.9663% of the total paid-up Equity Share capital. The divestment process is scheduled to take place over a defined period, commencing on September 23, 2026, and concluding by October 31, 2026. The sale can occur in one or multiple tranches within this timeframe.
Company’s Shareholding and Promoter Undertaking
As of September 22, 2026, the aggregate shareholding of the Promoter and Promoter Group stands at 80.91%. In conjunction with the proposed sale, the Promoter and Promoter Group have provided an undertaking confirming that they will not acquire any additional Equity Shares in the open market on the dates when the proposed sale transactions are executed. This ensures a clear path for achieving the required public float.
Source: BSE
