Meenakshi Mercantiles Ltd, a promoter group entity, increased its stake in Balrampur Chini Mills Limited from 3.07% to 3.66% by purchasing 12,50,000 shares for ₹66.24 Cr at ₹529.95 apiece through a preferential allotment on June 3, 2026.
One of India's largest integrated sugar producers, this company manufactures sugar while operating complementary distillery operations and power cogeneration facilities. The company is recognized for its operational efficiency across the sugar production process. It has systematically expanded its production capacity through well-planned capital investments and strategic acquisitions of existing mills, establishing itself as a vertically integrated player in the Indian sugar industry.
