The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shitul Shah
ALPA · price
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Mr. Shitul Shah (promoter group) acquired 109,000 shares (0.52% of diluted share capital) of Alpa Laboratories Ltd from Mr. Pravin Shah (also promoter group) via an off-market inter-se transfer by way of gift on 16th June 2025, with no consideration involved. Post-transfer, Shitul Shah's holding rose from 4.40% (925,200 shares) to 4.92% (1,034,200 shares), while Pravin Shah's holding fell from 5.75% (1,210,580 shares) to 5.23% (1,101,580 shares). The company has explicitly stated that the total combined shareholding of the Promoter and Promoter Group remains unchanged before and after the transfer. This is a routine internal reshuffle among family/promoter group members and not a market transaction.
No impact on the overall promoter group ownership or on the stock price — this is simply a redistribution of shares within the promoter family, with no change in total promoter control and no money changing hands.