Dalmia Bharat Refractories Limited disclosed a change in shareholding, effective March 25, 2026, involving an inter-se transfer between members of the Promoter Group via a Block Deal. The acquirer, Dalmia Bharat Refractories Limited, increased its voting rights share to 1.87%, while the Persons Acting in Concert (PAC) holding collectively moved to 53.97% of the total capital. The total equity share capital of the Target Company remains 18,75,65,953 Equity Shares.
Disclosure of Shareholding Alteration
This disclosure pertains to an acquisition/disposal of shares in Dalmia Bharat Limited (the Target Company, TC) by Dalmia Bharat Refractories Limited (the Acquirer), acting in concert with a group of specified Persons Acting in Concert (PACs). The transaction occurred on 25’th March 2026 and was executed as an On market inter-se transfer between members of promoter group (through Block Deal).
Holding Pre-Transaction Snapshot
Prior to the reported transaction, the total shareholding held by the Acquirer and PACs stood at 10,47,31,548 shares, representing 55.84% of the total share capital. Specifically, Dalmia Bharat Refractories Limited held 1.70% (31,91,952 shares), and the PAC group held 54.14% (10,15,39,596 shares).
Details of Acquisition
The net acquisition resulted in a total change of 0.00%. This net change was derived from the acquisition of 3,33,000 shares (0.17%) by the Acquirer, Dalmia Bharat Refractories Limited, offset by the corresponding disposal of (3,33,000) shares ((0.17%)) by Keshav Power Limited (a seller within the group).
Post-Transaction Holding Position
Following the transfer, the total holding remains essentially the same in terms of percentage, though reallocated internally among the Promoter Group:
- Dalmia Bharat Refractories Limited’s direct holding increased to 35,24,952 shares, representing 1.87%.
- The collective holding of the PAC group decreased slightly to 10,12,06,596 shares, representing 53.97%.
- The total holding of the acquirer and PAC combined after the sale is 10,47,31,548 shares, constituting 55.84% of the total voting capital.
Capital Structure Confirmation
The equity share capital and total voting capital of the Target Company (Dalmia Bharat Limited) both before and after the transaction were confirmed at 18,75,65,953 Equity Shares of Rs. 2/- each. The total diluted share/voting capital also stands at this figure.
Key Personnel Confirmation
This declaration was made For and on behalf of Dalmia Bharat Refractories Limited by Soumya Sharma, Company Secretary, on 26.03.2026.
Associated Persons Acting in Concert (PACs)
The filing included an extensive list of 69 entities and individuals identified as Persons Acting in Concert with the Acquirer. Notably, the Acquirer itself, Dalmia Bharat Refractories Limited, is confirmed to belong to the Promoter Group (S.No. 34).
Key individuals associated include members of the Dalmia family such as Shri Y.H.Dalmia and Smt. Kavita Dalmia (S.No. 1 and 2). Numerous corporate entities are also listed, including Keshav Power Limited (S.No. 18), Dalmia Bharat Sugar and Industries Limited (S.No. 25), and various trusts such as Y.H. Dalmia Parivar Trust (S.No. 55) and Bela Dalmia Parivar Trust (S.No. 56).
Source: BSE
