Fratelli Vineyards Limited, a prominent player in the Indian wine industry, has disclosed a significant inter-se transfer of equity shares among its promoter and promoter group. The transaction, structured as a gift, involves the transfer of up to 88,89,784 equity shares, representing 20.54% of the company's share capital.

Key Details of the Share Transfer

The off-market transaction, scheduled to be completed on or before September 30, 2025, will see Bhupinder Kumar Sekhri acquiring shares from four other promoters:

Regulatory Compliance and Implications

The company has emphasized that this transfer falls under the exemption provided by SEBI SAST Regulations 10(1)(a)(i) and (ii), which means no open offer is required. Importantly, the aggregate promoter holding will remain unchanged after the transaction, maintaining the current ownership structure of Fratelli Vineyards Limited.

Market Context

The 60-day volume-weighted average market price of Fratelli Vineyards' shares was reported at Rs. 136.14, providing context to the current market valuation of the transferred shares.

Impact on Shareholding

Post-transaction, Bhupinder Kumar Sekhri's shareholding is expected to increase significantly:

• Pre-transfer holding: 2,02,462 shares (0.47% of total share capital)
• Post-transfer holding: 90,92,246 shares (21.01% of total share capital)

Conversely, the shareholding of the other promoters will decrease, with Shobha Sekhri, Gaurav Sekhri, and Aarti Sekhri each retaining 4,32,779 shares (1% each), while Puja Sekhri will hold 16,96,674 shares (3.92%).

Company Background

Fratelli Vineyards Limited, formerly known as Tinna Trade Limited, is listed on the BSE. The company, headquartered in New Delhi, is recognized for its contributions to the Indian wine industry.

This inter-se transfer among promoters represents a significant realignment of ownership within the promoter group of Fratelli Vineyards Limited, while maintaining the overall promoter stake in the company.

Tinna Trade Limited , a company operating in Agro Commodities and Steel Abrasives segments, has announced its financial results for the third quarter and nine months ended December 31, 2023, along with a significant decision regarding its stock exchange listing.

Financial Performance

The Board of Directors of Tinna Trade Limited has approved the unaudited financial results for Q3 and the nine-month period of the fiscal year. Here's a breakdown of the key financial metrics:

The company's Q3 performance shows a significant decrease in revenue from operations, dropping from Rs 7,652.69 lakhs in the previous year to Rs 4,591.79 lakhs. Despite the revenue decline, Tinna Trade managed to turn a small profit of Rs 0.21 lakhs, compared to a loss of Rs 14.74 lakhs in the same quarter last year.

For the nine-month period, the company reported a revenue of Rs 15,678.54 lakhs, down from Rs 24,166.43 lakhs in the prior year. However, the bottom line improved substantially, with a net profit of Rs 12.92 lakhs against a loss of Rs 216.31 lakhs in the corresponding period.

Voluntary Delisting from Calcutta Stock Exchange

In addition to the financial results, the Board of Directors has approved a proposal for the voluntary delisting of the company's equity shares from the Calcutta Stock Exchange Limited. Tinna Trade Limited will maintain its listing on the BSE Ltd, ensuring continued market presence and liquidity for its shareholders.

Business Segments

Tinna Trade Limited operates in two primary segments:

1. Agro Commodities
2. Steel Abrasives

These diverse business lines contribute to the company's overall performance and market positioning.

The company's ability to achieve profitability despite reduced revenues suggests potential improvements in operational efficiency or cost management. The substantial decrease in revenue across both quarterly and nine-month periods may be an area of focus for the management in the coming quarters.