The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kiran Gupta
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Mrs. Kiran Gupta has disclosed acquisition of 17,748 equity shares (1.23%) of Assam Entrade Ltd through an off-market gift deed transfer between members of the company. This was her maiden holding in the stock, as she held zero shares before this acquisition. The acquirer is explicitly stated to be NOT part of the Promoter/Promoter Group. The company's total equity share capital remains unchanged at 14,39,790 shares of Rs. 10 each. The transaction is an internal family/member rearrangement rather than a market purchase.
Since this is a non-promoter receiving shares as a gift from within the company's shareholder base, there is no change in overall promoter control and minimal impact on stock price is expected. Retail investors should view this as a routine internal reshuffle with no dilutive or change-of-control implications.