Bhandari Hosiery Exports Limited — Important, 25-06-2025: Disclosure of material issue

Bhandari Hosiery Exports Limited’s promoter, Ms. Nitika Bhandari, has transferred 1 lakh equity shares to Tikani Exports Limited (TIL), an associate entity and now part of the promoter group, via an off-market transaction at market price. This move does not change the overall promoter shareholding percentage, which remains at 31.02%. TIL’s stake in Bhandari Hosiery is now 0.04%.

The issue here is an inter-promoter share transfer within the group, which typically has minimal market impact but signals internal restructuring or consolidation within promoter entities. For investors, there is no dilution or change in promoter control, so governance and strategic direction should remain stable.

TIL’s board has approved this investment, and the company confirms it will maintain its promoter group status, with authorized directors empowered to manage these holdings. This structured transfer strengthens associated-party alignment without altering shareholding dynamics materially.