Nusli N. Wadia has reduced his shareholding in The Bombay Burmah Trading Corporation through a block deal on the exchanges. The transaction involved the sale of 18.34 lakh equity shares, constituting 2.63% of the company's total paid-up capital.

The shares were sold via an inter-se transfer to Nowrosjee Wadia and Sons Limited, an existing promoter group member, on September 18, 2026. Following this disposal, Wadia's direct holding in the company decreased from 10% to 7.37%. The disclosure was submitted to the stock exchanges on September 21, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Details

The total equity share capital of The Bombay Burmah Trading Corporation remains unchanged at 6,97,71,900 equity shares. There are no encumbrances reported against the shares held by the acquirer or seller.

Nowrosjee Wadia and Sons Limited increased its stake from 41.95% to 44.57% through this acquisition.

The Supreme Court has recalled observations from a May 29, 2026 order that cited a potential lease rent liability of ₹4,655.24 crore for Bombay Burmah Trading Corporation Limited. The apex court issued this clarification on August 19, 2026, following an interlocutory application filed by the company.

Legal Context and Recourse

The recall pertains to Civil Appeal Nos. 6395-6397 of 2025 concerning the company’s erstwhile tea estate in Singampatti, Tamil Nadu. In the May 29, 2026 order, paragraph 59 stated that lease rent remained to be recovered by the State Government from the corporation, relying on a Central Empowered Committee report and inter-governmental correspondence.

Bombay Burmah Trading argued that the civil appeals did not pertain to lease rent issues. The company further contended that no notice, demand, or computation of the alleged rent had been served on it, nor was it provided an opportunity to object or be heard on the matter.

Court’s Rationale

In its August 19 order, the Supreme Court allowed the company’s application. The court observed that the sum of ₹4,655.24 crore had neither been the subject of a notice served upon Bombay Burmah Trading nor finally determined after affording the company a hearing.

Consequently, the court held that the observations in paragraph 59 of the May 29, 2026 order warranted recall. Specifically, references to the lease rent liability of Bombay Burmah Trading have been expunged from the record.

What the Numbers Show

The recalled figure of ₹4,655.24 crore represents a significant contingent liability that has now been formally removed from judicial consideration due to procedural non-compliance by the demanding authority. This outcome clarifies that the liability was not established through due process, specifically lacking formal demand and hearing opportunities for the corporation.

Next Steps

The company stated it will continue to take all necessary steps in the matter. It committed to keeping stakeholders informed of any material developments arising from these ongoing judicial proceedings.