Bharat Gears Limited — Others, 19-06-2025: Disclosure under SEBI Takeover Regulations

Bharat Gears has clarified that Mr. Sameer Kanwar holds no shares in the company despite his recent claims. The promoter group’s shareholding remains unchanged, with Surinder Paul Kanwar holding 37%. Mr. Sameer Kanwar’s alleged beneficial interest, linked to a family settlement memorandum, is contested and currently under legal review in the Delhi High Court. The company has rejected his BEN-1 form application based on confirmation that no beneficial interest was created in his favor. The company also stated that Mr. Kanwar’s interpretation of a recent court order is incorrect and misleading, causing unnecessary confusion.