The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Shahra
ANIKINDS · price
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Manish Shahra, a member of the promoter group of Anik Industries Ltd, has acquired 5,46,438 equity shares (1.97% of paid-up capital) through an off-market transfer. The transaction was carried out pursuant to the dissolution of Suresh Chandra Shahra HUF, making this an inter-se promoter family restructuring rather than a market purchase. Post-acquisition, Manish Shahra's holding in the company increased from 6,87,952 shares (2.48%) to 12,34,393 shares (4.45%). The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011, and the total equity share capital of the company remained unchanged at Rs. 27.75 crore (2.77 crore shares of Rs. 10 each).
This is an internal consolidation within the promoter family and does not change the overall promoter group holding materially or introduce new external shareholders. Shareholders are unlikely to see a significant impact on stock price, though it signals continued promoter confidence and family-level consolidation ahead of the 5% disclosure threshold.