Promoter Pawan Kumar Sethia has submitted a clarification letter to BSE Limited regarding terminology used in share acquisition disclosures under regulatory compliance requirements. The letter, dated March 14, 2026, addresses queries raised by the exchange on March 10, 2026, concerning disclosures made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Clarification on Acquisition Terminology

The primary focus of the clarification centers on the interpretation of the term "online" used in previous disclosure submissions. Sethia explained that the term was intended to indicate acquisitions made through open market transactions, not digital or electronic trading platforms as might be commonly understood. This clarification aims to ensure proper regulatory compliance and avoid any misinterpretation of the acquisition method.

Details of Share Acquisitions

The clarification letter provides comprehensive details of nine separate share acquisition transactions that occurred between December 15, 2025, and December 29, 2025. These transactions involved multiple members of the Sethia family and associated entities.

Regulatory Compliance Framework

The submission falls under the purview of Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which mandates disclosure requirements for substantial acquisitions. The clarification demonstrates the promoter group's commitment to maintaining transparency and ensuring accurate interpretation of regulatory filings.

Communication with Exchange

The formal communication was addressed to Rakesh Parekh, Special Assistant for Listing Compliance at BSE Limited. The letter requests the exchange to consider the term "online" in the disclosures as referring to open market acquisitions for compliance purposes under Regulation 29(2). This proactive approach to clarifying potential ambiguities reflects adherence to regulatory best practices and transparent communication with market regulators.

Balurghat Technologies Limited's promoter group has made a regulatory disclosure regarding the acquisition of additional shares in the company. Pawan Kumar Sethia and Pawan Kumar Sethia HUF, identified as promoter and promoter group entities respectively, acquired 247 shares on December 29, 2025, as per the disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The acquisition was executed through online mode on December 29, 2025. The transaction involved the purchase of 247 equity shares carrying voting rights, representing a modest addition to the promoter group's existing stake in the company.

Shareholding Pattern Changes

The acquisition resulted in a change in the absolute number of shares held by the promoter group, though the percentage holding remained constant due to rounding.

Company Capital Structure

Balurghat Technologies Limited maintains a stable equity share capital structure. The company's total equity share capital stands at 1,82,00,000 equity shares of Rs. 10/- each, which remained unchanged before and after the transaction.

The total diluted share capital also remains at 1,82,00,000 equity shares of Rs. 10/- each. The share capital figures are based on the company's filing under Regulation 31 of SEBI (LODR) 2015 for the quarter ended September 30, 2025, as available on the BSE website.

Regulatory Compliance

The disclosure was made in accordance with SEBI regulations governing substantial acquisitions of shares and takeovers. The company's shares are listed on BSE Limited, and the promoter group has fulfilled their obligation to disclose the transaction within the stipulated timeframe. The acquisition did not involve any encumbrances, voting rights other than shares, or convertible securities.