Promoters of Shree Hari Chemicals Export Ltd completed an inter-se transfer of 56,595 equity shares on September 18, 2026. The transaction involved three acquirers and three sellers within the promoter group.

The deal was executed at a price of ₹236 per share. The total shares transferred represent 0.90% of the diluted share capital of the company. Bankeshchandra Babulal Agarwal filed the disclosure with the BSE Limited on September 21, 2026.

Transaction Details

The acquisition falls under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption allows inter-se transfers among promoters without triggering an open offer obligation. The disclosure was filed pursuant to Regulation 29(2) of the same regulations.

A prior disclosure under Regulation 10(5) was filed with the stock exchange on September 9, 2026, adhering to the specified timelines under the Takeover Regulations.

Shareholding Changes

Three entities acquired shares from three selling parties. Ramu Raman Agarwal emerged as the largest single recipient in this specific block, acquiring a combined 31,595 shares. Post-transaction, the seller entities—Ramkala Sohanlal Ramuka, Sohanlal Suwalal Ramuka, and Sohanlal Suwalal Ramuka (HUF)—hold nil shares in this specific block trade.

Post-transaction, Bankeshchandra Babulal Agarwal holds 78,200 shares, representing 1.24% of the total share capital. Ajay Babulal Agarwal holds 46,100 shares (0.73%). Ramu Raman Agarwal holds 41,195 shares (0.65%).

What the Numbers Show

The transaction consolidates holdings among the Agarwal family members while reducing the stake of the Ramuka group entities in this specific block trade. The uniform price of ₹236 across all tranches indicates a pre-agreed valuation for the internal restructuring.

Shree Hari Chemicals Export has received requests from four promoters seeking reclassification from the 'promoter' category to the 'public' category under Regulation 31A of the SEBI Listing Regulations. The move follows a complete exit from shareholding and management roles by the individuals involved.

The request was filed on September 19, 2026, and will be placed before the Board of Directors for approval. Upon receiving board consent, the company will submit an application for no-objection to BSE Limited.

Promoters Seeking Reclassification

The following entities and individuals have formally requested the status change:

• Mayank Sohanlal Ramuka
• Ramkala Sohanlal Ramuka
• Sohanlal Suwalal Ramuka HUF
• Sohanlal Suwalal Ramuka

All applicants confirmed they do not hold any shares or voting rights in the listed entity as on the date of the request. They also stated they are not involved in the day-to-day management activities or decision-making processes of the company.

Regulatory Compliance

Under Regulation 31A, the promoters affirmed several key conditions to qualify for reclassification. These include not exercising control over the affairs of the listed entity directly or indirectly. They also confirmed they do not represent the company on the Board of Directors and do not act as key managerial personnel.

Additionally, the applicants declared they are not wilful defaulters as per Reserve Bank of India guidelines nor fugitive economic offenders. They undertook to abide by all conditions listed in Regulation 31A post-reclassification.