SIL Investments Limited, a part of the promoter group of Chambal Fertilisers and Chemicals Limited, has increased its equity stake in the latter by acquiring an additional 33,359 shares. This transaction, conducted through open market purchases, was formally disclosed to the stock exchanges on June 11, 2025. The acquisition has marginally increased SIL Investments' holding in the agri-nutrient company, taking its total stake to 8.174% of the total diluted share capital.
| Particulars | Number of Shares | % of Total Diluted Share/Voting Capital of Chambal Fertilisers |
|---|---|---|
| Holding Before Acquisition (Shares carrying voting rights) | 3,27,14,484 | 8.166% |
| Shares Acquired in Current Tranche | 33,359 | 0.008% |
| Holding After Acquisition (Shares carrying voting rights) | 3,27,47,843 | 8.174% |
Details of the Transaction
The acquisition of these shares by SIL Investments Limited occurred between June 10, 2025, and June 11, 2025. The mode of acquisition was stated as "Open Market," indicating that the shares were purchased from the secondary market through stock exchange platforms where Chambal Fertilisers and Chemicals Limited is listed, namely the National Stock Exchange of India Ltd. (NSE) and BSE Ltd. (BSE).
The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. These regulations mandate timely disclosures by entities when their shareholding in a listed company crosses certain thresholds or undergoes changes, ensuring transparency for all market participants and shareholders.
According to the filing, SIL Investments Limited confirmed its status as belonging to the Promoter/Promoter group of Chambal Fertilisers and Chemicals Limited. The total equity share capital and total voting capital of Chambal Fertilisers and Chemicals Limited, both before and after this specific acquisition, remained constant at 40,06,52,297 equity shares (approximately 40.07 crore equity shares). This figure also represents the total diluted share/voting capital of the target company, against which the percentage holdings are calculated. The filing also clarified that there were no shares held in the nature of encumbrance (pledge, lien, non-disposal undertaking, etc.) by the acquirer, nor any voting rights otherwise than by shares, or warrants/convertible securities held before or after this transaction that would entitle the acquirer to receive shares carrying voting rights in the target company.
Regulatory Compliance and Significance
The SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, commonly known as the SAST Regulations or Takeover Code, are designed to ensure fair and transparent dealings in the shares of listed companies, particularly when significant stakes are acquired or sold. Regulation 29(2) specifically requires an acquirer, who along with persons acting in concert (PACs) holds shares or voting rights in a target company, to disclose every acquisition or disposal of shares, if the change in holding, when taken together with any previous change in holding during the financial year, exceeds certain thresholds, or if there is a change from the last disclosure. This ensures that all stakeholders are aware of significant changes in ownership and control of listed companies.
Such disclosures are crucial for maintaining market integrity and providing investors with timely information about changes in the shareholding patterns of listed entities, especially by insiders like promoters. This allows investors to make informed decisions based on the actions of those with intimate knowledge of the company.
Impact on Shareholding Structure
With this acquisition of 33,359 shares, SIL Investments Limited's direct holding in Chambal Fertilisers and Chemicals Limited has risen from 3,27,14,484 shares, which constituted 8.166% of the target company's capital, to 3,27,47,843 shares, representing an increased stake of 8.174%. While the quantum of this particular acquisition (0.008% of total capital) is modest, it reflects a continued consolidation of holding by the promoter group entity. The total promoter and promoter group holding in Chambal Fertilisers is a key metric for investors, as a higher promoter stake is often interpreted as a sign of the management's confidence in the company's future prospects and an alignment of their interests with those of other shareholders.
The filing indicates that the total diluted share/voting capital of Chambal Fertilisers and Chemicals Limited after the said acquisition stands at 40,06,52,297 equity shares (equivalent to approximately 40.07 crore shares). This consistency in the total capital base implies that the acquisition was purely a secondary market transaction and did not involve any new issuance of shares by Chambal Fertilisers, thereby not diluting existing public shareholders.
About the Companies
SIL Investments Limited (CIN: L17301RJ1934PLC002761) is the acquirer and is part of the promoter group of the target company. Its registered office is located at Pachpahar Road, Bhawani Mandi - 326502, Rajasthan. The company is listed on BSE (Scrip Code: 521194) and NSE (Scrip Code: SILINV).
Chambal Fertilisers and Chemicals Limited is a significant entity in the Indian agri-nutrient sector, involved in the production and marketing of fertilisers and other agricultural inputs. The company's shares are actively traded on both the BSE Ltd. and the National Stock Exchange of India Ltd. Its corporate office, as per the communication address provided in the disclosure for the target company's secretary, is at 'Corporate One', 1st Floor, 5, Commercial Centre, Jasola, New Delhi - 110 025.
Market Context and Outlook
Acquisitions by promoter entities, even in small tranches like this one, are generally perceived positively by the market. They can be interpreted as an indication of the promoters' belief in the intrinsic value and long-term growth potential of the company. Such actions can bolster investor confidence, particularly if they are part of a consistent pattern of increasing promoter stake. However, the direct market impact of such a small percentage change in shareholding might be nuanced and would typically depend on broader market conditions, the specific performance, and the future outlook for Chambal Fertilisers and Chemicals Limited within the competitive fertiliser and chemical industry.
Investors and market analysts will likely monitor further disclosures to track any continued accumulation of shares by the promoter group in Chambal Fertilisers. The overall shareholding pattern, coupled with the financial performance of Chambal Fertilisers and key developments in its operational sector, will remain crucial factors influencing investor sentiment and the stock's valuation.
The disclosure regarding this acquisition was formally signed and submitted by Lokesh Gandhi, who holds the position of Company Secretary and Compliance Officer for SIL Investments Limited. The document was dated June 11, 2025, and originated from Mumbai.
