Submitting herewith Report under Regulation 10(7) of SEBI (SAST) Regulations, 2011 received from Mr. Deepak Jatia, Acquirer(s).
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ASI Industries Ltd has submitted a regulatory report regarding the dissolution and full partition of promoter entity Deepak Jatia (HUF) on 7 June 2025. Following this, 2,75,02,779 equity shares (30.53% of the company) held by the HUF were transferred to its four members on 16 June 2025 in an off-market, inter-se transfer. The bulk of the shares (2,74,99,779) went to Mr. Deepak Jatia, with 1,000 shares each going to Tushya Jatia, Anita Jatia, and Prerna Agarwal. No consideration was involved as this is a family succession and asset restructuring exercise. The transaction qualifies for exemption from the open offer requirement under Regulation 10(1)(a)(ii) as it is an inter-se transfer among promoters. The aggregate promoter and promoter group holding remains unchanged before and after the transaction.
This is a pure internal family restructuring with no change in total promoter ownership, so there is no impact on shareholders or the stock price. Mr. Deepak Jatia's personal stake rises from 4.45% to 34.98%, but the overall promoter group holding stays at 73.07% (per March 2025 shareholding pattern).