Parmjeet Kaur, Jasjot singh 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.
AJOONI · price
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Ajooni Biotech promoters Jasjot Singh and Parmjeet Kaur are acquiring 1,21,12,174 shares (7.03% of total share capital) from promoter entity Healthy Biosciences Limited through an off-market inter-se transfer at Rs. 4.20 per share. Post-transaction, Jasjot Singh's holding rises from 11.01% to 16.81%, and Parmjeet Kaur's from 3.3% to 4.52%, while Healthy Biosciences exits completely (from 7.03% to 0%). This is a restructuring within the promoter group — the total promoter shareholding of the company remains unchanged. The transaction is exempt from an open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, 2011, as it is a transfer among persons deemed to be acting in concert as promoters.
This is a neutral event for retail shareholders — the overall promoter control and shareholding percentage of the company does not change since shares are merely moving from one promoter entity to two individual promoters. No fresh dilution or change in management control occurs.