The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veqarul Amin & Rumana Amin
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Awaiting price reaction for this filing.
Veqarul Amin and Rumana Amin, both promoters of Amin Tannery Ltd, acquired 4,29,44,134 equity shares (39.78% of share capital) from eight other promoter family members through inter se transfer by way of gift on 27th and 28th March 2025. As a result, Veqarul Amin's stake rose from 16.56% to 47.92%, and Rumana Amin's stake rose from 2.44% to 10.86%, taking their combined holding from 19.00% to 58.78%. All eight selling promoters (including Iftikharul Amin, Iqbal Ahsan, Sophia Amin, and others) were reduced to zero holding after the transfer. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, 2011, as it is an inter se transfer among promoters. Prior disclosure under Regulation 10(5) was filed on 26th December 2024, and the current disclosure under Regulation 10(6) was made on 29th March 2025.
This is a family-level promoter restructuring via gift with no cash involved and no open offer triggered, so it is unlikely to materially affect the stock price. However, control of the company is now more concentrated with Veqarul Amin, who holds nearly half the company individually.