Binny Mills

BSE Limited approved Binny Mills Ltd's application to reclassify promoter shareholders to public shareholders under Regulation 31A of SEBI Listing Regulations. The company applied on May 09, 2025, and received approval on August 08, 2025. Six entities were reclassified as public shareholders: Sheetala Credit and Holdings Private Limited, Calcom Credit and Holdings Private Limited, Rajat Chakra Credit and Holdings Private Limited, Satluj Credit and Holdings Private Limited, Twentieth Century-Apco Leasing Private Limited, and Rajalakshmi N. All these entities held zero shares (0.00% shareholding). The overall shareholding structure remains unchanged, with promoter holding at 17,81,806 shares (68.97%) and public holding at 8,01,464 shares (31.03%). However, BSE issued a warning letter to Binny Mills for delayed disclosure compliance, noting that while the company submitted its application on May 09, 2025, it only disclosed this material event on July 05, 2025, violating the 24-hour disclosure requirement under Regulation 31A(8)(c). BSE advised the company to exercise due caution and implement corrective measures to prevent future lapses.

Binny Mills Limited's Board of Directors approved the reclassification of six individuals and entities from the 'Promoter' category through a circular resolution dated February 23, 2025. The reclassification follows share purchases by the company in accordance with National Company Law Tribunal orders dated September 13, 2024 and October 25, 2024. The affected entities collectively hold 6,05,204 shares representing 18.97% of the company. The reclassified entities include Calcom Credit and Holdings Private Limited (3.76%), Rajalakshmi N (1.34%), Rajat Chakra Credit and Holdings Private Limited (3.76%), Satluj Credit and Holdings Private Limited (3.76%), Sheetala Credit and Holdings Private Limited (3.81%), and Twentieth Century-Apco Leasing Private Limited (1.29%).