Submitting herewith disclosure received under Regulation 10(6) of SEBI (Substantial Acquistion of Shares and Takeover) Regulations 2011 from Mr. Deepak Jatia & others (Acquirer).
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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ASI Industries informed the BSE that the promoter group carried out an internal share transfer on 16 June 2025. Deepak Jatia (HUF), which held 2,75,02,779 equity shares (30.53%), was dissolved and its shares were vested among its members. The bulk of the stake — 2,74,99,779 shares (30.53%) — went to Mr. Deepak Jatia individually, lifting his personal holding from 4.45% to 34.98%. The remaining three family members — Tushya Jatia, Anita Jatia, and Prerna Agarwal — each received a nominal 1,000 shares. The transfer was off-market and carried no consideration as it is a family succession arrangement. The total promoter and promoter group holding remains unchanged at 45.53% of the company's share capital, and the transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI's Takeover Code.
This is a neutral, housekeeping event for shareholders — the overall promoter control and voting power in the company stays exactly the same at 45.53%. The shift consolidates the family's stake under Mr. Deepak Jatia personally rather than through the HUF, but there is no change in actual control or fresh money coming into the stock. Investors should note that promoter holdings remain below the 50% majority threshold.