The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dinesh Ramprasad Poddar & Rajesh Poddar
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Ashirwad Capital Ltd has filed a disclosure under SEBI Takeover Regulations regarding the transfer of promoter shares by way of transmission (inheritance) following the demise of Mrs. Pushpadevi Poddar. Her 1.99% stake (17,92,875 shares) has been transmitted equally to two family members and existing acquirers, Dinesh Ramprasad Poddar and Rajesh Poddar. As a result, Dinesh's holding rose from 15.11% to 16.11% and Rajesh's from 14.59% to 15.59%, taking their combined promoter group holding to about 31.70% of the company. The transaction is exempt from an open offer under Regulation 10(1)(g) as it is an intrafamily transmission and not a market acquisition.
This is a non-cash, inheritance-driven transfer within the promoter family, so there is no change in the overall promoter group control or stock price implications. The combined promoter stake remains below the 50% mark and no open offer is triggered, meaning public shareholders face no dilution or change in promoter identity.