BCL Industries to Acquire Additional Stake in Pioneer Industries

BCL Industries Limited has approved the acquisition of 69.7 lakh equity shares in Pioneer Industries Private Limited. The decision was made during the board meeting held on June 11, 2025, as per the filing. The acquisition will be carried out through a transfer of shares from existing shareholders.

Shareholding to Go Up to 19.57%

Before this transaction, BCL held a 4.36% stake in Pioneer Industries. With the addition of these shares, its holding will increase to 19.57% of the total share capital. The deal involves a cash consideration of ₹44.18 per share, amounting to approximately ₹30.8 crore.

Details of Parties Involved

This is a related party transaction. Shares are being acquired from the promoters of BCL Industries. Specifically, BCL is buying 22.91 lakh shares from Mrs. Sunita Mittal, 40.61 lakh shares from Mr. Kushal Mittal, and 6.16 lakh shares from M/s Kissan Fats Limited, a promoter-owned company. The acquisition is being made at fair market value, which has been certified by an independent chartered accountant.

Pioneer Industries Background

Pioneer Industries Private Limited was incorporated on November 18, 1997. The company is based in Pathankot, Punjab, and operates in the agro and distillery sector. It has a 400 KLPD ENA/ethanol unit and a wheat gluten processing unit. The company reported a turnover of ₹479.21 crore in FY22, ₹519.21 crore in FY23, and ₹530.21 crore in FY24. Its paid-up capital stands at ₹45.82 crore.

There are no additional regulatory or government approvals required for this transaction. BCL has indicated that the acquisition will be completed within 60 days.

Read more: Best Ethanol Stocks in June 2025 Based on 5Y CAGR!

BCL Industries Share Price Performance 

As of 09:30 AM on June 12, 2025, BCL Industries share price stood at ₹43.71, a 0.11% decline. The stock has seen an 18.68% decline over the past 6 months and a 20.48% decline over the past year.

Conclusion

The acquisition will be made in cash and will bring BCL’s stake in Pioneer to just under 20%. Both companies operate in the same industry segment. The board meeting where this was approved commenced at 4:00 PM and concluded at 4:40 PM on June 11, 2025.

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