The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhupesh Patel
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Bhupesh Patel acquired 44,600 equity shares representing 7.68% of voting rights in Autoriders International Ltd from his daughter Disha Patel (who belongs to the promoter group) on September 17, 2025. The transfer was an off-market inter-se transfer executed by way of a Gift, with no cash consideration involved. Bhupesh Patel, who held Nil shares before this transaction, now directly holds 44,600 shares (7.68%). Since the shares merely moved between a promoter and her immediate relative, the aggregate promoter family holding of the company remains unchanged.
This is a non-event from a market standpoint — it is a tax-efficient family reshuffle within the promoter household and does not change the total promoter stake or introduce any new shareholder. Shareholders should see no impact on stock price or control dynamics; the only practical effect is a change in which individual family member's name appears on the share register.