Binny Mills promoter group transfers 62.51% stake via inter-se gift

Five members of the promoter group of Binny Mills Limited acquired 16,14,854 equity shares, representing 62.51% of the diluted share capital, via a gift from promoter V R Venkataachalam. The transaction, an inter-se transfer among immediate relatives, was executed on June 30, 2026, and disclosed to the BSE Limited on July 1, 2026.

The acquisition was conducted under Regulation 10(1)(a)(i) and 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation provides an exemption from making an open offer for inter-se transfers among promoters and promoter group entities. The transferor, V R Venkataachalam, is the brother of the acquirers and a promoter of the company.

Following the acquisition, Venkataachalam ceased to hold any shares in Binny Mills Limited. Prior to the transaction, he held 16,14,854 shares, or 62.51% of the company. The shares were acquired at nil consideration as the transfer was by way of gift.

The necessary disclosures regarding the proposed acquisition were filed with the stock exchange on June 22, 2026, in compliance with Regulation 10(5) of the SEBI SAST Regulations.

Shareholding Details

Shareholder	Pre-Transaction Shares	Pre-Transaction %	Post-Transaction Shares	Post-Transaction %
V R Venkataachalam	16,14,854	62.51%	-	-
T Amudha	-	-	3,22,971	12.502%
Padma	-	-	3,22,971	12.502%
Dr. Andal Arumugam	8,987	0.35%	3,31,958	12.852%
S Arundathi	-	-	3,22,970	12.502%
Radha	-	-	3,22,971	12.502%

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	-8.11%	+10.17%	+3.77%	+261.70%

Binny Mills disclosed an inter-se transfer of 16,14,854 equity shares from promoter VR Venkataachalam to five immediate relatives. The transfer, constituting 62.51% of the total paid-up equity share capital, is scheduled for on or after June 26, 2026, through an off-market transaction by way of gift. The acquisition is a private family arrangement aimed at smooth succession planning.

The transaction falls under the exemption provided by Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the acquirers are not required to make an open offer. The company submitted the necessary disclosures under Regulation 10(5) of the SEBI (SAST) Regulations to BSE Limited on June 22, 2026.

Shareholding Details

The transfer involves the distribution of shares among VR Venkataachalam's sisters, who are immediate relatives and members of the promoter group. The following table outlines the changes in shareholding:

Shareholder	Category	Shares Before Transaction	% Before	Shares After Transaction	% After
T Amudha	PAC	-	-	3,22,971	12.502%
Padma	PAC	-	-	3,22,971	12.502%
Dr. Andal Arumugam	PAC	8,987	0.35%	3,31,958	12.852%
S Arundathi	PAC	-	-	3,22,970	12.502%
Radha	PAC	-	-	3,22,971	12.502%
V R Venkataachalam	Promoter	16,14,854	62.51%	-	-
Namitha	PAC	21	0.00%	21	0.00%
Nandagopal	PAC	1,615	0.06%	1,615	0.06%
Shanmugam	PAC	659	0.03%	659	0.03%
Arthos Breweries Limited	PAC	92,000	3.56%	92,000	3.56%
TCP Limited	PAC	63,670	2.46%	63,670	2.46%

Transfer Breakdown

The total shares transferred by VR Venkataachalam include 74,600 equity shares (2.89%) which he is set to acquire from another promoter, V Sengutuvan, on or after June 26, 2026. The specific allocation of the 16,14,854 shares to the transferees is as follows:

T Amudha: 3,22,971 shares
Padma: 3,22,971 shares
Dr. Andal Arumugam: 3,22,971 shares
S Arundathi: 3,22,970 shares
Radha: 3,22,971 shares