Exemption Order in the matter of Bharat Rasayan Limited
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What is this order about?
This order concerns an exemption request by MPG Family Trust for acquiring shares in Bharat Rasayan Limited without triggering open offer requirements under SEBI's SAST Regulations.
Who it concerns
MPG Family Trust
What was found or directed
- Exemption granted from SAST Regulations 2011 provisions
- Acquirer Trust to be mirror image of promoters' holdings
- No change in public shareholding
- Trust to comply with Master Circular conditions
- Annual compliance certification required
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/03/2026-27 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-06-12
eo_bharat_rasayan_limited.pdf
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