BAI-KAKAJI Polymers Promoters Confirm Zero Encumbrance on Shares for FY2025-26 Under SEBI Takeover Regulations

2 min read     Updated on 09 May 2026, 12:00 AM
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Riya DScanX News Team
AI Summary

BAI-KAKAJI Polymers Limited filed its annual disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the financial year ended 31st March, 2026, with BSE Limited on 05/04/2026. Promoter Balkishan Pandurangji Mundada, on behalf of all promoters, the promoter group, and PAC, confirmed that no encumbrance was created, invoked, or released on any shares during FY2025-26. Key promoters including Mundada Harikishan Pandurangji, Akash Balkishan Mundada, and Balkishan Pandurangji Mundada each hold significant stakes of 24.51% in the company. The filing was submitted by Company Secretary Dheerajkumar Pannalal Tiwari and is in compliance with applicable SEBI regulations.

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BAI-KAKAJI Polymers Limited has filed its mandatory annual disclosure with BSE Limited under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the financial year ended 31st March, 2026. The disclosure, dated 05/04/2026, was submitted by the Company Secretary and Compliance Officer, Dheerajkumar Pannalal Tiwari (Membership No. 44510), confirming receipt of the annual encumbrance declaration from the promoters and persons acting in concert (PAC).

Promoter Declaration on Encumbrance

Promoter Balkishan Pandurangji Mundada, acting on behalf of all promoters, the promoter group, and PAC, formally declared that no encumbrance has been created, invoked, or released—directly or indirectly—on any shares held by them during the financial year 2025-26. This declaration is in compliance with the regulatory requirements under SEBI's Takeover Regulations, which mandate annual disclosures from promoters regarding the encumbrance status of their shareholding.

Promoter and PAC Shareholding Details

The disclosure includes a comprehensive list of promoters, promoter group members, and persons acting in concert, along with their respective shareholdings. The following table presents the details as submitted:

Name of Promoter(s) and PAC: No. of Shares % w.r.t. Total Share/Voting Capital
AKSHAY BALKISHAN MUNDADA 105900 0.49
SNEHA HARIKISHAN MUNDADA 2100 0.01
MUNDADA HARIKISHAN PANDURANGJI 5247200 24.51
AKASH BALKISHAN MUNDADA 5247170 24.51
BALKISHAN PANDURANGJI MUNDADA 5247200 24.51
KIRAN BALKISHAN MUNDADA 30 0.00
PRANAV HARIKISHAN MUNDADA 2100 0.01
PRAJYOT HARIKISHAN MUNDADA 2100 0.01

Among the promoter group, Mundada Harikishan Pandurangji, Akash Balkishan Mundada, and Balkishan Pandurangji Mundada each hold 5247200, 5247170, and 5247200 shares, respectively, each representing 24.51% of the total share/voting capital. Akshay Balkishan Mundada holds 105900 shares, accounting for 0.49% of the total capital.

Company Background

BAI-KAKAJI Polymers Limited is incorporated under CIN U22209MH2013PLC246369 and is headquartered at Plot No. M3 & M4, M.I.D.C., Latur 413531, Maharashtra. The company operates four manufacturing facilities, all located within the M.I.D.C. industrial area in Latur, Maharashtra:

  • Factory 1: Plot No. M3 & M4, M.I.D.C., Latur 413531
  • Factory 2: Plot No. G17, M.I.D.C., Latur 413531
  • Factory 3: Plot No. G3/1 & G19/1/1, M.I.D.C., Latur 413531
  • Factory 4: Plot No. D-52, Additional M.I.D.C., Latur 413531

The disclosure was filed at Latur on 05/04/2026, and the company has requested BSE Limited to take the submission on record. A copy of the declaration has also been addressed to the Audit Committee of BAI-KAKAJI Polymers Limited.

Historical Stock Returns for Bai Kakaji Polymers

1 Day5 Days1 Month6 Months1 Year5 Years
-3.30%0.0%0.0%0.0%0.0%-6.46%

Will the concentrated promoter shareholding of approximately 98% among the Mundada family create liquidity challenges for minority investors in BAI-KAKAJI Polymers going forward?

How might BAI-KAKAJI Polymers' expansion plans for its four Latur-based manufacturing facilities impact its capital structure and potential future promoter share pledging activity?

Could the near-zero public float in BAI-KAKAJI Polymers trigger any SEBI minimum public shareholding compliance requirements, and what corrective actions might the company need to take?

Bai-Kakaji Polymers Submits Share Capital Reconciliation Certificate for Q4 FY26

1 min read     Updated on 08 Apr 2026, 11:05 PM
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Bai-Kakaji Polymers Limited filed its share capital reconciliation certificate with BSE for Q4 FY26, showing total shareholding of 21404400.000 shares as of March 31, 2026. The certificate, issued by registrar Maashitla Securities Private Limited, reveals complete dematerialization with 18420000.000 shares in CDSL and 2984400.00 shares in NSDL, with no physical certificates outstanding.

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Bai Kakaji Polymers Limited has submitted its quarterly share capital reconciliation certificate to BSE Limited for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission was made on April 08, 2026, by Company Secretary and Compliance Officer Dheerajkumar Pannalal Tiwari.

Regulatory Compliance and Documentation

The certificate was issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, by Maashitla Securities Private Limited, the company's appointed Registrar and Share Transfer Agent. The document, dated April 04, 2026, provides a comprehensive reconciliation of the company's share capital as of March 31, 2026.

Share Capital Distribution Analysis

The reconciliation reveals the complete distribution of Bai-Kakaji Polymers' shareholding across different depositories:

Shareholding Category: Number of Shares
Physical Form: 0
NSDL Dematerialized: 2984400.00
CDSL Dematerialized: 18420000.000
Total Shares: 21404400.000

The data shows complete dematerialization of shares with no physical certificates outstanding. The majority of shares, approximately 86.06%, are held in CDSL format, while the remaining 13.94% are maintained in NSDL.

Share Structure Details

The company's equity shares carry specific characteristics as outlined in the certificate:

Parameter: Details
ISIN: INE1IJQ01026
Security Type: Equity
Face Value: ₹10.00
BSE Scrip Code: 544670

Demat Request Status

The certificate confirms operational efficiency in share transfer processes. According to Maashitla Securities Private Limited, zero demat requests have been confirmed after 21 days, and zero demat requests are pending beyond the 21-day regulatory timeframe. This indicates smooth processing of dematerialization requests within prescribed timelines.

Administrative Confirmations

The registrar has confirmed that the register of members is being maintained in accordance with regulatory requirements and has been updated as of March 31, 2026. The certificate includes a provision for addressing discrepancies, requiring any concerns to be raised within seven days of receiving the statement, ensuring accuracy and transparency in record-keeping.

Historical Stock Returns for Bai Kakaji Polymers

1 Day5 Days1 Month6 Months1 Year5 Years
-3.30%0.0%0.0%0.0%0.0%-6.46%

What factors could drive changes in the CDSL vs NSDL shareholding distribution in upcoming quarters?

How might Bai Kakaji Polymers' complete dematerialization status impact its liquidity and trading volumes going forward?

What strategic initiatives could the company announce following this clean share capital reconciliation?

1 Year Returns:0.00%