The total paid-up capital of the company is Rs 10.25 crore. KPC holds more than 15 lakh shares in the company, either directly or through relatives. Kalyani Steels holds about 6 lakh shares in the company. In a related move, Sebi has finally taken a view on the offer documents of three target companies, Dr Beck & Co (India), Themis Chemicals and ILFS Venture Corporation.

Schenectady International of US, the acquirer targeting 51 per cent stake in Dr Beck & Co, had filed an application before Sebi seeking exemption from theapplication of chapter III of the Sebi (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. Sebi has rejected the exemption application. However, in the case of exemption sought by Mid-West Portfolio Management, the takeover panel of Sebi has decided to offer an exemption. As per the application, the acquirer had made a case on the basis that the target company, Themis Chemicals, was originally promoted by SD Patel, his family and Medimpex in 1969.