The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhupesh Patel
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Awaiting price reaction for this filing.
Bhupesh Patel, an immediate relative of a promoter, acquired 44,600 equity shares (7.68%) of Autoriders International Ltd from Disha Patel on 17 September 2025 through an inter-set transfer by way of gift. The transaction is exempt from an open offer under Regulation 10(1)(a)(i) as it qualifies as a transfer among immediate relatives within the promoter group. Post-transaction, Bhupesh Patel's holding rose from nil to 7.68%, while Disha Patel's holding reduced from 11.67% (67,400 shares) to 3.93% (22,800 shares). No cash consideration was involved since the shares were transferred as a gift.
This is an internal promoter-family share restructuring with no cash consideration, so it should have no direct impact on the stock price or minority shareholders. The total promoter group holding remains unchanged, and it signals intra-family estate/reorganization.