The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chaitali Nishit Salot Family Trust
ASHAPURMIN · price
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Chaitali Nishit Salot Family Trust, part of the promoter group of Ashapura Minechem, has acquired 55,88,340 equity shares (5.85% of total share capital) through an off-market transaction without any monetary consideration. The transfer was made to streamline succession planning and for the continued welfare of the promoter family, pursuant to a SEBI exemption order. The trust held no shares before this transaction and now holds 5.85% post-acquisition. The date of acquisition was 24th February 2026, and the disclosure was filed on 25th February 2026. The company's total equity share capital remains unchanged at 9,55,26,098 shares of Rs. 2 each.
This is an internal promoter family restructuring (a gift transfer to a family trust) rather than a change in overall promoter ownership, so there is no material dilution for existing shareholders. The stock price is unlikely to be affected since no new shares were issued and no cash changed hands.