MPG Family Trust Acquires 6.98% Stake in Bharat Rasayan via Gift

MPG Family Trust has acquired 11,59,673 equity shares, representing 6.98% of the total share capital, of Bharat Rasayan Limited through an off-market transfer by way of a gift. This transaction, valued at NIL rupees, occurred on August 24, 2026. The acquisition was made possible by an exemption granted by SEBI via Order No. WTM/KCV/CFD/03/2026-27 dated June 12, 2026. The announcement clarifies that this is a private family arrangement for succession planning and streamlining promoter family assets and businesses. Prior to this acquisition, the MPG Family Trust held no shares, while Mahabir Prasad Gupta held 16,56,676 shares (9.97%), Vikas Gupta held 7,60,796 shares (4.58%), and Savita Gupta held 4,48,660 shares (2.70%). After the acquisition, Mahabir Prasad Gupta's holding reduced to 4,97,003 shares (2.99%), while the holdings of Vikas Gupta and Savita Gupta remained unchanged. The total equity share capital of Bharat Rasayan Limited remains at 1,66,21,072 shares with a face value of ₹5 each. The acquirer, MPG Family Trust, along with Persons Acting in Concert (PACs) including Mahabir Prasad Gupta, Savita Gupta, Vikas Gupta, and Sweta Gupta, will now be classified as part of the Promoter and Promoter Group of the Target Company.