Shivalik Bimetal Controls Ltd: Leadership Transition and Institutional Confidence Surge

Shivalik Bimetal Controls Ltd. (SBCL) has seen an increase in the Ghumman family's stake from 25.5% to 33.15% and onboarded renowned institutional investors like SBI Mutual Fund, Franklin Templeton, and others. This marks a significant milestone in SBCL's journey, showcasing confidence in its market potential and future strategy.

Shivalik Bimetal Controls Ltd. (SBCL), renowned for its manufacturing of bimetal strips and shunt resistors, has announced a notable increase in the Ghumman Family's ownership stake, rising from 25.5% to 33.15%. This development coincides with the successful onboarding of several esteemed institutional investors.

The financial community has expressed growing confidence in SBCL's strategy, underscored by significant financial commitments from elite institutions. On September 27, 2024, major bulk transactions were executed with SBI Mutual Fund acquiring 3,110,467 shares at ₹610.6 per share, followed by Franklin Templeton, DSP Mutual Fund, and others, accumulating a total of 10,352,735 shares held by top investors.

According to Rajeev Ranjan, CFO of SBCL, the addition of these prominent firms reflects strong belief in SBCL's operational model and strategic vision. As the company undergoes a pivotal leadership transition, the next generation of the Ghumman family, led by Kabir and Sumer Ghumman, is set to drive sustained growth and innovation.

(With inputs from agencies.)