The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Mrs. Chander Kala Goyal, a member of the Promoter Group, has informed the exchange of a proposed inter-se transfer of 2,87,41,940 equity shares (around 35.71% of paid-up capital) from 12 members of the promoter/promoter group. The transfer is by way of gift for NIL consideration, based on natural love and affection, and is being undertaken under Regulation 10(1)(a) which exempts it from the open offer requirement. After the transfer (to be executed on or after 23rd December 2025), her individual holding will jump from 9,79,939 shares (1.22%) to 2,90,72,769 shares (36.12%). The aggregate promoter group shareholding will remain unchanged before and after the transaction.
This is a family-level reshuffle within the promoter group; total promoter stake in the company does not change, so there is no dilution or change in control for outside shareholders. The market price should generally remain unaffected, though some investors may view the consolidation under a single family member as a sign of succession planning.