The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Paresh Chawla
ALPA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Paresh Chawla, part of the promoter group of Alpa Laboratories, acquired 35,21,760 shares (2,905,760 from Mr. Mahendra Singh Chawla and 616,000 from Mrs. Asha Chawla) through an off-market inter-se transfer by way of gift on 13th and 17th June 2025. Post the transfer, Paresh Chawla's stake in the company increased from 17.52% (36,86,450 shares) to 34.26% (72,08,210 shares), while Mahendra Singh Chawla's holding dropped sharply from 13.82% to 0.005% and Asha Chawla's from 2.93% to 0.003%. The total promoter and promoter group shareholding in the company remains unchanged pre and post the transfer since this is only a reshuffling within the promoter family. No monetary consideration was involved as the shares were gifted between promoter group entities.
This is essentially a reshuffle within the promoter family with no change in overall promoter ownership, so there is no direct impact on minority shareholders or the stock price. However, Paresh Chawla has now become the single largest individual holder, which may concentrate decision-making within the promoter group.