Vikram Aroma Limited: Dhirajlal Patel Reduces Promoter Stake to 61.16%
Vikram Aroma Limited disclosed a substantial share disposal by promoter Mr. Dhirajlal Karsandas Patel and 24 persons acting in concert, who sold 1,50,000 shares representing 4.78% stake through off-market inter-se transfer, reducing their combined holding from 65.94% to 61.16%.
*this image is generated using AI for illustrative purposes only.
Vikram Aroma Limited has announced a substantial disposal of shares by its promoter group, as disclosed under SEBI regulations. The transaction involves Mr. Dhirajlal Karsandas Patel and 24 persons acting in concert (PAC), who disposed additional shares through an inter-se transfer arrangement.
Transaction Details
The promoter group disposed 1,50,000 shares representing 4.78% of the company's total voting capital on March 24, 2026. This disposal was executed through off-market inter-se transfer, a method commonly used for internal restructuring among promoter group entities.
| Transaction Parameter: | Details |
|---|---|
| Shares Disposed: | 1,50,000 |
| Percentage Disposed: | 4.78% |
| Mode of Transaction: | Off Market |
| Transaction Date: | March 24, 2026 |
| Disclosure Date: | March 26, 2026 |
Shareholding Pattern Changes
The disposal resulted in a significant decrease in the promoter group's stake in the company. Their combined holding decreased from 65.94% to 61.16%, reducing their control over the company's operations and strategic decisions.
| Shareholding Details: | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Number of Shares: | 20,67,807 | 19,17,807 | -1,50,000 |
| Percentage Holding: | 65.94% | 61.16% | -4.78% |
| Voting Rights: | 65.94% | 61.16% | -4.78% |
Persons Acting in Concert
The transaction involves an extensive network of 24 persons acting in concert with Mr. Dhirajlal Karsandas Patel. The PAC includes various family members and related entities:
- Hindu Undivided Families (HUFs): Dhirajlal K Patel HUF, Ghanshyambhai K Patel HUF
- Individual Members: Harjivanbhai K Patel, Ambalal K Patel, Dinesh Harjivanbhai Patel, Rekhaben Mahendrakumar Patel, Ghanshyambhai Karsandas Patel
- Other Family Members: Including Patel Vimla Dhirajlal, Kanchanben Ghanshyambhai Patel, Kantaben Harjivanbhai Patel, and several others
- Next Generation Members: Jaymin Chimanbhai Patel, Nimish Chimanbhai Patel, Ankur Dhirajlal Patel, among others
Company Capital Structure
Vikram Aroma Limited's equity share capital structure remains unchanged following this transaction. The company maintains its existing capital base with no dilution or expansion.
| Capital Structure: | Details |
|---|---|
| Total Equity Shares: | 31,35,785 |
| Face Value per Share: | Rs. 10.00 |
| Total Share Capital: | Rs. 3,13,57,850 |
| Stock Exchange Listing: | BSE Limited |
Regulatory Compliance
The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The seller confirmed that no shares are under encumbrance and no warrants or convertible securities are involved in this transaction. This regulatory filing ensures transparency and keeps stakeholders informed about significant changes in the company's ownership structure.
Historical Stock Returns for Vikram Aroma
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -0.28% | -4.79% | -31.49% | -19.92% | -53.90% |
What strategic initiatives or business expansion plans might Vikram Aroma pursue with the potential capital raised from this share disposal?
How might the reduced promoter control from 65.94% to 61.16% affect the company's governance structure and decision-making processes?
Could this inter-se transfer be a precursor to bringing in external investors or preparing for a larger stake sale in the aromatics industry?
18
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
