Sanginita Chemicals Ltd has approved the allotment of 1,91,57,080 fully paid-up equity shares to promoter B N G Investment LLC at an issue price of Rs 13.05 per share. The preferential allotment, approved by the Board on June 17, 2026, increases the promoter's stake in the company to 57.08%.

The issuance follows a Board Resolution passed on March 20, 2026, and a subsequent Special Resolution by shareholders on April 11, 2026. The company received in-principle approval from the National Stock Exchange of India Limited (NSE) for the preferential issue on June 3, 2026.

Post allotment, the paid-up equity share capital of the company has increased from Rs 41,18,89,060 to Rs 60,34,59,860. The newly allotted shares, which include a premium of Rs 3.05 per share over the face value of Rs 10, rank pari-passu with existing equity shares and are subject to lock-in restrictions prescribed under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Details of Allotment

The preferential issue was made to a single allottee, B N G Investment LLC, categorized as a promoter. The total consideration for the allotment amounts to Rs 24,99,99,894.

Shareholding Pattern

The allotment has significantly altered the shareholding structure of the company. B N G Investment LLC's holding has increased from 1,52,87,356 shares, representing 25.33% of the pre-preferential issue capital, to 3,44,44,436 shares, representing 57.08% of the post-preferential issue capital.

The shares allotted pursuant to the preferential issue shall be directly transferred to the demat account of the proposed allottee in accordance with Regulation 22(2A) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Sanginita Chemicals has authorized its Key Managerial Personnel (KMPs) to determine the materiality of events and information and make necessary disclosures to stock exchanges. This decision was taken to ensure compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The authorization empowers specific senior executives to assess which events qualify as material and require immediate reporting to the exchanges. This mechanism is designed to streamline the disclosure process and ensure timely communication of significant corporate developments.

The following officials have been designated to determine materiality and handle disclosures:

The company submitted this information to the National Stock Exchange of India Limited on June 17, 2026. The disclosure was signed by Gaurav Kumar Tripathi, Whole Time Director, confirming the Board's decision to delegate these responsibilities.