Intimation for reclassification of shareholding under Regulation 31A of SEBI (LODR) Regulation, 2015
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Addi Industries has completed a major change of control, with 80,18,175 equity shares (about 80.18 lakh shares) transferred from the existing promoters to a new set of acquirers via a Share Purchase Agreement dated May 20, 2025, followed by an open offer under SEBI Takeover Regulations. As a result, six erstwhile promoter entities (Mr. Abhishek Bansal, Mr. Chamanlal Jain, Mr. Hari Bansal, Mrs. Urmila Jain, Mrs. Anju Bhasker, and Ultimate Investment LLP) have been reclassified from 'Promoter & Promoter Group' to 'Public'. Simultaneously, six new entities (Mr. Rajat Goyal, Mrs. Neha Agarwal, Rajat Goyal HUF, Mr. Sandeep Mittal, Mrs. Ruchi Mittal, and Sandeep Mittal & Sons HUF) have moved from 'Public' to 'Promoter & Promoter Group'. The disclosure has been made under Regulation 31A(10)(ii) of SEBI LODR Regulations. This represents a complete change of the promoter group at the company.
Shareholders should note a complete change of control, with entirely new promoters taking over the company after a takeover-triggered open offer. The shift may bring changes in management direction, strategy, and possibly stock price volatility, as new controlling shareholders typically signal a fresh phase for the business.