NewsSomi Conveyor Beltings Submits Promoter Declaration Under SEBI Takeover Regulations for FY26Somi Conveyor Beltings Submits Promoter Declaration Under SEBI Takeover Regulations for FY26
Somi Conveyor Beltings Limited filed promoter declarations under SEBI regulations for FY26, with promoters collectively holding 6960757 equity shares as of March 31, 2026. Seven promoter entities, led by Om Prakash Bhansali with 4417011 shares, confirmed no encumbrances during the financial year. The declarations were submitted to BSE and NSE on April 2, 2026, ensuring regulatory compliance.
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Somi Conveyor Beltings Limited has submitted mandatory promoter declarations to stock exchanges under SEBI's Substantial Acquisition of Shares & Takeovers Regulations for the financial year ended March 31, 2026. The Jodhpur-based conveyor belt manufacturer filed the declarations on April 2, 2026, ensuring compliance with regulatory requirements.
Regulatory Compliance Framework
The declarations were submitted pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as amended by the Second Amendment Regulations introduced on July 29, 2019. This regulatory framework mandates annual declarations from promoters and persons acting in concert regarding their shareholdings and any encumbrances.
Promoter Shareholding Details
The company's promoters collectively hold 6960757 equity shares as of March 31, 2026. The declarations confirm that none of the promoters or persons acting in concert made any encumbrances, directly or indirectly, during the financial year ended March 31, 2026.
| Promoter Name | Shareholding |
|---|---|
| Om Prakash Bhansali | 4417011 shares |
| Om Kumari Bhansali | 1091221 shares |
| Vimal Bhansali | 598840 shares |
| Gaurav Bhansali | 577305 shares |
| Om Prakash Bhansali HUF | 135000 shares |
| Ruchi Bhansali | 72689 shares |
| Priya Bhansali | 68691 shares |
Declaration Process
Seven promoter entities submitted individual declarations to both BSE Limited and National Stock Exchange of India Limited. Each declaration was signed and dated April 1, 2026, from Jodhpur, confirming their respective shareholdings and absence of any encumbrances during the financial year.
Company Information
Somi Conveyor Beltings Limited, an ISO 9001 certified company, manufactures fabric, steel cord, and bucket elevator belts. The company operates from Oliver House, New Power House Road, Jodhpur, Rajasthan, and maintains its corporate identity number as L25192RJ2000PLC016480.
Stock Exchange Communication
Company Secretary and Compliance Officer Amit Baxi digitally signed the covering letter dated April 2, 2026, transmitting all promoter declarations to both stock exchanges. The submissions fulfill the company's annual regulatory obligations under SEBI's substantial acquisition regulations.
Historical Stock Returns for Somi Conveyor Beltings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.61% | +2.54% | +8.19% | -25.82% | -37.69% | +114.72% |
Will Somi Conveyor Beltings consider raising additional capital through equity dilution or debt financing for expansion in FY2027?
How might the concentrated promoter shareholding of nearly 70 lakh shares impact potential institutional investor interest or acquisition opportunities?
What strategic initiatives is the company planning to leverage its ISO 9001 certification and diversified belt manufacturing capabilities in the upcoming fiscal year?
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