The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amrish Patel
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Amrish Patel acquired 22,600 equity shares of Autoriders International Ltd, representing 3.89% of voting rights, from Disha Patel on September 17, 2025. The transfer was an off-market inter-set transfer by way of gift. Following this acquisition, Amrish Patel's holding in the company increased from 17,400 shares (2.99%) to 40,000 shares (6.89%). The disclosure clarifies that Amrish Patel does not belong to the Promoter/Promoter group of the company.
This is a non-promoter internal transfer of shares (effectively a gift between individuals), so it is unlikely to have any meaningful impact on the stock price or overall shareholding structure. Shareholders should note that the acquirer's stake is still well below regulatory trigger thresholds.