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BSL Ltd. — Major Shareholding Notification 2025
Feb 19, 2025
61765_rns_2025-02-19_d700845b-58b0-4088-bde0-fd0efee8c73b.pdf
Major Shareholding Notification
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REDROSE VANIJYA LLP
Regd. Office: Room No.303, 3[rd] Floor, Gate No.-2, Poddar Court, 18, Rabindra Sarani, Kolkata-700001 LLPIN: ACL-8811
Email: [email protected]; Tel: 033-40647374
Date: 19[th] February, 2025
BSE Ltd. (BSE) National Stock Exchange of India Limited (NSE) 1[st] Floor, New Trading Wing, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Fort, Mumbai - 400001 Bandra (E), Mumbai – 400 051 Email : [email protected] Email: [email protected]
Subject:- Disclosure under Regulation 10(6) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“Takeover Regulations").
Dear Sir(s)/ Madam,
This is with reference to the captioned subject, We M/s Redrose Vanijya LLP (Formerly known as Redrose Vanijya Private Limited) enclosing herewith disclosures required to be filed in terms of Regulation 10(6) of SEBI SAST Regulations, 2011 with respect to indirect acquisition of 6.39% of the voting rights of BSL Limited through Scheme of Arrangement of M/s Alankrit Vyapaar Private Limited, M/s Captain Trade & Agencies Private Limited, M/s Dreamon Commercial Private Limited, M/s Emersec Holdings Private Limited, M/s Jemco Vanijya Private Limited, M/s Jet (India) Private Limited, M/s M. L. Finlease Private Limited, M/s Nikita Electrotrades Private Limited, M/s Purvi Vanijya Niyojan Limited, M/s Raghav Commercial Limited, M/s Shashi Commercial Company Limited, M/s Strength Fincap Markets Private Limited, M/s Bharat Investment Growth Limited, M/s Giltedged Industrial Securities Limited, M/s Investors India Limited, M/s India Texfab Marketing Limited, M/s Kalati Holdings Private Limited, M/s LNJ Financial Services Limited, M/s N R Finvest Private Limited, M/s Shrasti Marketing Private Limited and M/s Uttri Investments Private Limited with Redrose Vanijya Private Limited (“ Scheme ”) as approved by Hon’ble NCLT, Kolkata Bench not involving the Target Company.
Kindly take the same on record.
Thanking you,
Yours faithfully, For Redrose Vanijya LLP (Formerly known as Redrose Vanijya Private Limited)
RIJU Digitally signed by RIJU JHUNJHUNWALA JHUNJHUNWA Date: 2025.02.19 LA 13:24:08 +05'30'
(Riju Jhunjhunwala) Designated Partner DPIN: 00061060
Encl: As above
REDROSE VANIJYA LLP
Regd. Office: Room No.303, 3[rd] Floor, Gate No.-2, Poddar Court, 18, Rabindra Sarani, Kolkata-700001 LLPIN: ACL-8811
Email: [email protected]; Tel: 033-40647374
- Disclosure under Regulation 10(6) Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
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1 Name of the Target Company (TC) BSL Limited
2 Name of the acquirer(s) Redrose Vanijya LLP (Formerly known as Redrose
Vanijya Private Limited (“ Acquirer ”)
3 Name of the stock exchange where shares of the TC are National Stock Exchange of India Limited (NSE) and
listed BSE Limited (BSE)
4 Details of the transaction including rationale, if any, for the Bharat Investment Growth Limited, Dreamon Commercial
transfer/ acquisition of shares. Private Limited, Investors India Limited, India Texfab
Marketing Limited, Kalati Holdings Private Limited and
Shashi Commercial Company Limited (“ Amalgamated
Companies ”) hold 6,57,270 equity shares of the TC
representing 6.39% of the fully paid up equity share capital
of the TC.
Pursuant to a Scheme of Arrangement of M/s Alankrit
Vyapaar Private Limited, M/s Captain Trade & Agencies
Private Limited, M/s Dreamon Commercial Private Limited,
M/s Emersec Holdings Private Limited, M/s Jemco Vanijya
Private Limited, M/s Jet (India) Private Limited, M/s M. L.
Finlease Private Limited, M/s Nikita Electrotrades Private
Limited, M/s Purvi Vanijya Niyojan Limited, M/s Raghav
Commercial Limited, M/s Shashi Commercial Company
Limited, M/s Strength Fincap Markets Private Limited, M/s
Bharat Investment Growth Limited, M/s Giltedged Industrial
Securities Limited, M/s Investors India Limited, M/s India
Texfab Marketing Limited, M/s Kalati Holdings Private
Limited, M/s LNJ Financial Services Limited, M/s N R
Finvest Private Limited, M/s Shrasti Marketing Private
Limited and M/s Uttri Investments Private Limited with
Redrose Vanijya Private Limited (“ Scheme ”), as sanctioned
by the Hon’ble National Company Law Tribunal, Kolkata
Bench vide its Order dated 24 [th] October, 2024 read with
Corrigendum Order dated 01 [st] January, 2025, the
Amalgamated Companies along with the other transferor
companies involved in the Scheme have been
amalgamated with Redrose Vanijya Private Limited and
consequently, Redrose Vanijya Private Limited has
indirectly acquired 6.39% of the voting rights on the equity
shares held by the Amalgamated Companies in the TC.
The above indirect acquisition of voting rights by Acquirer
pursuant to the Scheme does not directly involve the TC
and fulfills the conditions prescribed in Regulation
10(1)(d)(iii) of Takeover Regulations.
5 Relevant regulation under which the acquirer is exempted Regulation 10(1)(d)(iii) of the Takeover Regulations.
from making open offer.
6 Whether disclosure of proposed acquisition was required to Not Applicable
be made under regulation 10 (5) and if so,
Whether disclosure was made and whether it was made
within the timeline specified under the regulations.
Date of filing with the stock exchange.
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7 Details of acquisition Disclosures made/ required Whether the disclosures
to be made under under regulation 10(5) are
regulation 10(5) actually made
a. Name of the transferor/seller Not applicable Not applicable
b. Date of acquisition Not applicable Not applicable
c. Number of shares/voting rights in respect of the Not applicable Not applicable
acquisitions from each person mentioned in 7(a) above
d. Total shares proposed to be acquired / actually Not applicable Not applicable
acquired as a % of diluted share capital of TC
e. Price at which shares are proposed to be acquired / Not applicable Not applicable
actually acquired
8 Shareholding Details Pre-Transaction Post-Transaction
No. of % w.r.t. to No. of % w.r.t. to
shares held total share shares total share
capital of TC held capital of TC
Each Acquirer / Transferee()
Redrose Vanijya LLP (Formerly known as Redrose Nil NA 6,57,270 6.39%
Vanijya Private Limited)
Each Seller / Transferor
Bharat Investment Growth Ltd. 2,57,500 2.51 Nil NA
Dreamon Commercial Private Ltd. 27,938 0.27 Nil NA
Investors India Ltd. 1,90,703 1.85 Nil NA
India Texfab Marketing Ltd. 62,217 0.60 Nil NA
Kalati Holdings Private Limited 312 0.01 Nil NA
Shashi Commercial Company Limited 1,18,600 1.15 Nil NA
TOTAL 6,57,270 6.39 6,57,270 6.39
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Note:
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(*) Shareholding of each entity shall be shown separately and then collectively in a group.
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The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.
For and on behalf of Redrose Vanijya LLP (Formerly known as Redrose Vanijya Private Limited)
RIJU JHUNJHUNWAL
A
Digitally signed by RIJU JHUNJHUNWALA Date: 2025.02.19 13:24:38 +05'30'
(Riju Jhunjhunwala) Designated Partner DPIN: 00061060
Date: 19.02.2025