Bharat Gears Limited — Others, 30-04-2025: Disclosure under SEBI Takeover Regulations

Bharat Gears Limited's promoter group has executed a binding Memorandum of Family Settlement, consolidating exclusive control over management and shareholding. Sameer Kanwar will inherit approximately 84,93,503 shares, representing 55.31% of total shareholding, from S.P. Kanwar. The settlement restricts S.P. Kanwar from transferring shares without Sameer Kanwar's consent, and a court order prevents third-party transactions involving these shares. This move strengthens family ownership and clarifies management control, which is vital for stability and governance in the company, potentially benefiting shareholders.