Agarwal Industrial Corporation Limited has disclosed the shareholding details of its promoters and persons acting in concert (PAC) for the financial year ended March 31, 2026. The declaration was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing provides a comprehensive list of individuals and entities falling under the promoter and promoter group categories associated with agarwal industrial corporation .

The disclosure identifies four individuals classified as promoters: Jai Prakash Agarwal, Ramchandra Agarwal, Mahendra Agarwal, and Lalit Agarwal. Additionally, the document lists 25 entities categorized as members of the promoter group acting in concert. This group includes several Hindu Undivided Families (HUFs) such as Jaiprakash Agarwal HUF, Lalit Agarwal HUF, and Mahendra Agarwal HUF, alongside individual family members.

The list of promoter group members encompasses a wide range of stakeholders, including family members like Padma Agarwal, Shailesh Agarwal, and Usha Agarwal. It also includes younger generation members such as Mukul Agarwal, Yash Agarwal, Virel Agarwal, and Lakshya Agarwal. The filing was signed by Lalit Agarwal on behalf of the promoters and members of the promoter group on April 06, 2026, in Mumbai.

Promoter and PAC Details

The following table outlines the categorization of the persons and persons acting in concert (PAC) as declared in the filing:

The submission follows an initial email communication dated April 03, 2026, regarding the same regulatory requirement. The Audit Committee of Agarwal Industrial Corporation Limited has been marked as a copy to the filing.

Agarwal Industrial Corporation Limited has been awarded a significant tender by Hindustan Petroleum Corporation Limited (HPCL) for the supply of bulk bitumen worth ₹477.50 crores. The contract entails the delivery of 1,30,000 metric tonnes of VG-30 and VG-40 grades across Mumbai and Mangalore locations. This agreement strengthens the company's position in the bitumen supply chain and extends its long-standing relationship with the public sector undertaking.

The supplies will be executed on a contractual basis between May 25, 2026 and May 24, 2027, as per the terms outlined in the tender. The order was awarded by a domestic entity and does not involve any related party transactions. The company confirmed that neither the promoter group nor group companies hold any interest in HPCL.

Tender Details

The disclosure, made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlights the commercial viability of the offer. The execution of this order is expected to be completed within the stipulated one-year timeframe.