Balkrishna Industries has received formal notification from HDFC Asset Management Company Limited regarding a substantial increase in shareholding by HDFC Mutual Fund schemes. The disclosure, made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals a strategic increase in the mutual fund's stake in the tire manufacturer.

Shareholding Increase Details

HDFC Mutual Fund schemes have increased their aggregate holding in Balkrishna Industries by 2.005% as of March 16, 2026. The total shareholding has risen from 7.156% to 9.161% of the company's paid-up equity share capital.

Transaction Structure

The acquisition was executed through open market purchases on March 16, 2026. HDFC Mutual Fund acquired 38,76,205 shares carrying voting rights, representing 2.005% of the total share capital. The transaction involved multiple HDFC Mutual Fund schemes managed by HDFC Trustee Company Limited.

Participating Fund Schemes

The shareholding increase involves eighteen different HDFC Mutual Fund schemes, including:

• HDFC BSE 500 ETF and HDFC BSE 500 Index Fund
• HDFC Business Cycle Fund and HDFC Value Fund
• HDFC Large and Mid Cap Fund
• HDFC NIFTY LARGEMIDCAP 250 INDEX FUND
• HDFC Manufacturing Fund
• HDFC NIFTY MIDCAP 150 ETF and INDEX FUND
• HDFC Multi Cap Fund and HDFC MNC Fund
• Various retirement and hybrid funds

Company Capital Structure

Balkrishna Industries' capital structure remains unchanged following the transaction. The company maintains its paid-up equity share capital at Rs. 38,66,34,380, comprising 19,33,17,190 equity shares of Rs. 2 each. No encumbrances, warrants, or convertible securities are involved in this transaction.

Regulatory Compliance

The disclosure was made by Dinesh Bhakade, Deputy Vice President - Compliance at HDFC Asset Management Company Limited, in accordance with SEBI regulations. The notification was sent to both BSE Limited and National Stock Exchange of India Limited, where Balkrishna Industries shares are listed. HDFC Mutual Fund confirmed it does not belong to the promoter or promoter group of Balkrishna Industries.

Balkrishna Industries Limited has successfully completed the redemption of its Commercial Paper worth ₹100 crores on the scheduled due date of March 13, 2026. The company formally notified both BSE Limited and National Stock Exchange of India about the completion of this financial obligation through an official communication.

Commercial Paper Redemption Details

The redemption was completed for the Commercial Paper with specific identification details and timeline as follows:

Regulatory Compliance

The disclosure was made in accordance with SEBI's Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, which governs the issue and listing of Non-Convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Papers. The communication also referenced the 'FAQs for listing of Commercial Papers' issued by BSE Limited.

Company Certification

Vipul Shah, Director & Company Secretary and Compliance Officer of Balkrishna Industries Limited, certified that the entire redemption amount of ₹100 crores was paid on the due date. The company had previously communicated the record date for redemption through a letter dated March 5, 2026.

Corporate Information

Balkrishna Industries Limited trades on stock exchanges with scrip code 502355 for equity shares and trading symbol BALKRISIND. The company maintains its corporate office at BKT House, Lower Parel, Mumbai, while its registered office is located in Waluj Industrial Area, Chhatrapati Sambhaji Nagar, Maharashtra.