The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amrish Patel
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Awaiting price reaction for this filing.
Amrish Patel acquired 22,600 equity shares (3.89% voting rights) of Autoriders International Ltd from Disha Patel via an off-market inter-set transfer by way of Gift on September 17, 2025. The disclosure explicitly states that the acquirer (Amrish Patel) does NOT belong to the promoter or promoter group, nor is he a Person Acting in Concert (PAC). His shareholding rose from 17,400 shares to 40,000 shares. The company is extremely small, with total equity share capital of only 40,000 shares of Rs. 10 each. This appears to be a private family-level reshuffling of shares with no change in promoter holding or control of the company.
Since the acquirer is not a promoter and the transfer is a gift between related parties, there is no change in promoter control or voting power dynamics. Retail shareholders are unlikely to see any meaningful impact on the stock from this filing.