The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahendr C Raycha HUF
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Mahendr C Raycha HUF, part of the promoter group of Achyut Healthcare Ltd, has disclosed a disposal of 56,70,000 equity shares (2.40% of total share capital) under Regulation 29(2) of the SEBI Takeover Regulations. The shares were transferred off-market by way of gift to a family member on July 7, 2025. As a result, the HUF's holding in the company has decreased from 2,40,52,770 shares (10.21%) to 1,83,82,770 shares (7.80%). This is a within-promoter-group reshuffle rather than an open-market sale, with no change to the total equity capital of the company (Rs. 23.55 crore).
No negative impact on share price expected as the shares were transferred as a gift within the promoter family and not sold in the open market. However, retail investors should note that this particular promoter group entity's stake has dropped below the 10% disclosure threshold, which may affect future disclosure obligations for this HUF.