Alpa Laboratories Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Alpa Laboratories has disclosed an inter-se transfer of 12,09,580 equity shares (5.75% of the company) between promoter group members, Mr. Pravin Shah and Mr. Shitul Shah. The transfer is by way of a gift with no consideration involved, and will take place on or after 13th June 2025. As a result, Mr. Shitul Shah's stake will rise from 4.40% to 10.15%, while Mr. Pravin Shah's holding will drop from 5.75% to 0.004%. The total promoter group shareholding remains unchanged at the same level after the transfer. This qualifies for an exemption from making an open offer under Regulation 10(1)(a)(ii) as both parties are immediate relatives within the promoter group.
This is purely an internal family restructuring within the promoter group with no change in overall promoter ownership or company operations. There is no cash transaction involved, so it should not materially affect the stock price or minority shareholders.