The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudhir Sethi
ARCHIDPLY · price
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Assam Timber Products Private Limited, a promoter group entity of Archidply Industries, acquired 28,27,850 equity shares (14.24%) of the company pursuant to a scheme of amalgamation amongst promoter group companies on June 5, 2026. This increased Assam Timber's holding from 22,55,786 shares (11.36%) to 50,83,636 shares (25.60%) of the paid-up equity capital. The acquisition was carried out through an amalgamation process, not via open market purchase. Total equity share capital of Archidply Industries remains unchanged at 1,98,65,000 shares. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, which governs reporting of substantial acquisitions by promoters.
This is an internal promoter group restructuring with no change in total promoter shareholding or fresh capital infusion. The overall promoter group's economic interest in Archidply Industries remains unchanged, though ownership has been consolidated into one promoter entity (Assam Timber). At 25.60%, Assam Timber has crossed the 25% mark, which means further acquisitions will be subject to the 5% creeping acquisition limit under SAST. No material impact on share price is expected as no new outsider is buying into the company.