Harbans Kaur has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Harbans Kaur, part of the promoter group of AGI Infra, has acquired 2,15,60,000 equity shares (17.65% of voting capital) from two fellow promoter group members, Bikramjit Singh (34.30 lakh shares, 2.81%) and Ranjit Singh (1.81 crore shares, 14.84%), at nil consideration as a gift. The transfer is an inter-se arrangement between immediate relatives and is exempt from the open offer requirement under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations. As a result, Harbans Kaur's holding moves from nil to 17.65%, while Bikramjit and Ranjit Singh exit to nil. The total promoter group holding remains unchanged at 72.94% before and after the transaction.
This is a purely internal reshuffling within the promoter family with no change in overall promoter ownership, so there is no material impact on minority shareholders or the stock price. It reflects succession or estate planning within the promoter group rather than any change in control or fresh buying from the market.