BirlaNu Limited has filed comprehensive regulatory disclosures following the completion of a significant inter-se transfer of equity shares among its promoter group members. The company initially submitted Form B disclosures on December 31, 2025, under SEBI (Prohibition of Insider Trading) Regulations, 2015, and subsequently filed post-transaction disclosure under Regulation 10(6) of SEBI Takeover Regulations on January 2, 2026.

Transaction Completion and Regulatory Framework

The share transfer transaction was completed on December 29, 2025, with Chandrakant Birla acquiring 30,07,836 equity shares representing 39.89% of the company's total share capital through inter-se transfers from nine promoter group entities. The transaction was conducted under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, which provides exemption from making an open offer for inter-se transfers among promoter group members:

Selling Entities and Share Distribution

The shares were acquired from nine promoter group entities as part of an internal restructuring exercise. Central India Industries Limited was the largest contributor in the transaction:

Post-Transaction Shareholding Pattern

Following the completion of the inter-se transfer, there has been significant consolidation of shareholding under Chandrakant Birla while maintaining the overall promoter group shareholding percentage:

Compliance and Documentation

The transaction demonstrates strict adherence to regulatory requirements with proper disclosures filed at each stage. The company filed initial disclosure under Regulation 10(5) on December 20, 2025, followed by insider trading disclosures under SEBI regulations on December 31, 2025, and post-transaction disclosure under Regulation 10(6) on January 2, 2026.

BirlaNu Limited's equity share capital consists of 75,40,899 equity shares of ₹10.00 each, with shares listed on both BSE Limited (Scrip Code: 509675) and National Stock Exchange of India Limited (Symbol: BIRLANU). This internal restructuring represents a strategic consolidation of shareholding under a single promoter entity while maintaining regulatory compliance through comprehensive disclosure procedures.

Birla Nu Limited , formerly known as HIL Limited, has announced its financial results for the second quarter of fiscal year 2026, showcasing resilience in a challenging market environment.

Key Financial Highlights

• Revenue Growth: The company achieved a consolidated revenue of INR 810.00 crores in Q2FY26, marking a 5% year-on-year increase.
• EBITDA Margin: A significant expansion of 330 basis points in EBITDA margin was reported, demonstrating improved operational efficiency.
• Segment Performance:
  • Walls segment showed strong performance with an 18% revenue growth.
  • Pipes segment faced headwinds, resulting in an 11% revenue decline.

Strategic Acquisition

Birla Nu has completed the acquisition of Clean Coats Private Limited for INR 110.19 crores. This strategic move is expected to strengthen the company's position in the construction chemicals sector.

Segment-wise Performance

Management Commentary

Akshat Seth, MD & CEO of Birla Nu, commented on the results: "Birla Nu's 'smart' performance in Q2 is headlined by a strong improvement in operating profitability. We grew our consolidated revenue by ~5% (YOY) to INR 810 cr with a 330 bps expansion in % EBITDA (YOY). This result has been achieved through prioritized action on profitability levers and a relentless sales push despite the market continuing to provide headwinds."

Market Challenges and Outlook

The company acknowledged that the demand scenario remains sluggish, with pricing remaining soft across all product categories. However, management expressed confidence in further improvements in profitability, citing ongoing initiatives including a comprehensive value enhancement exercise with BCG.

International Performance

Parador, the company's international subsidiary, delivered a strong performance with an 11% revenue growth year-on-year, despite challenging global macroeconomic conditions. Operating margins for Parador improved by 720 basis points YoY, reflecting the benefits of last year's restructuring and sustained cost discipline.

Future Initiatives

Birla Nu is on track with its new OPVC facility in Patna and an ambitious green-field project in Andhra Pradesh to produce Designer Boards and other products. The company plans several innovative product launches across categories for the remainder of the year, reinforcing its commitment to product leadership.

In conclusion, while facing market headwinds, Birla Nu has demonstrated its ability to improve profitability and execute strategic initiatives. The company's focus on accelerating growth across categories, enhancing customer engagement, and strengthening execution capabilities positions it to capture opportunities in an improving demand landscape.