Indian Link Chain Manufactures has witnessed a significant change in its shareholding structure, with promoter Vishal Pravin Thakkar substantially reducing his stake in the company through a series of open market transactions.

Promoter Stake Reduction

Vishal Pravin Thakkar, a promoter of Indian Link Chain Manufacturers Limited, has sold 1,26,748 equity shares through open market transactions, primarily on October 30-31, 2025. This sale has resulted in a substantial decrease in his shareholding from 55.39% to 5.62% of the total share capital.

Share Capital Expansion and Warrant Issue

The company's equity share capital expanded from INR 50 lakh to INR 2.67 crore following allotments to non-promoters in September 2025. Additionally, the company issued 53 lakh convertible warrants, bringing the total diluted share capital to INR 7.97 crore.

Detailed Breakdown of Share Sales

The promoter conducted multiple smaller sales throughout September and October 2025 as part of this disposal process. Here's a detailed breakdown of the significant transactions:

Impact on Shareholding Structure

The series of transactions has dramatically altered the company's shareholding structure:

• Initial Promoter Holding: 55.39% (2,76,990 shares)
• Final Promoter Holding: 5.62% (1,50,242 shares)
• Total Shares Sold: 1,26,748

Regulatory Compliance

These transactions were reported in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures were made to the BSE, where the company's shares are listed.

Conclusion

This significant reduction in promoter stake could potentially impact the company's governance and future strategic decisions. Investors and market watchers may keep a close eye on any further developments or changes in the company's ownership structure.

Indian Link Chain Manufactures has reported a mixed set of financial results for the second quarter, marked by a shift to loss and substantial changes in its balance sheet structure.

Financial Performance

The company reported a loss of Rs 0.10 lakhs for the quarter, compared to a profit of Rs 3.83 lakhs in the previous quarter. This represents a significant downturn in the company's profitability.

Balance Sheet Expansion

Despite the loss, Indian Link Chain Manufactures saw a substantial expansion in its balance sheet:

• Total assets increased to Rs 2,720.37 lakhs from Rs 371.82 lakhs
• Cash and cash equivalents rose significantly to Rs 458.06 lakhs from Rs 9.80 lakhs
• Equity share capital expanded to Rs 267.50 lakhs from Rs 50.00 lakhs

Capital Infusion

The company received significant capital infusion during the period:

• Rs 1,544.25 lakhs through preferential share issues
• Rs 1,136.00 lakhs against share applications and warrants

Earnings Per Share

Basic and diluted earnings per share stood at negative Rs 0.01 for the quarter, reflecting the reported loss.

Cash Flow

The cash flow statement revealed:

• An outflow of Rs 1,833.49 lakhs from operating activities
• An inflow of Rs 2,280.25 lakhs from financing activities

Financial Position

All figures in Rs lakhs

The significant changes in the balance sheet structure, particularly the increase in cash reserves and equity capital, suggest that Indian Link Chain Manufactures is positioning itself for future growth or strategic initiatives. However, the shift to a loss in the current quarter indicates challenges in the company's operational performance that investors may want to monitor closely.

The substantial capital infusion through preferential shares and warrants demonstrates investor confidence in the company's prospects, despite the current quarter's loss. This additional capital could provide the company with resources for potential expansion or to navigate through current market challenges.

Investors and stakeholders may want to keep a close eye on how the company utilizes its increased cash reserves and newly acquired capital to drive future growth and return to profitability in the coming quarters.