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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Awaiting price reaction for this filing.
Alkosign Ltd has informed the exchange about an inter-se transfer of 10,81,000 shares (15.02% of share capital) by way of gift from promoter Naina Narendra Shah to Kamlesh V Shah, who is an immediate relative of the promoter and himself classified as a promoter. The transfer is without any consideration. This qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations, meaning no open offer is triggered. The aggregate shareholding of the promoter and promoter group before and after the transaction remains the same, so there is no change in total promoter ownership of the company.
This is essentially a reshuffling of shares within the promoter family and does not change the overall promoter stake in the company. It is neutral for existing shareholders and is unlikely to have any meaningful impact on the stock price.