The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhupesh Patel
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Bhupesh Patel, a member of the promoter group, acquired 44,600 equity shares (representing 7.68% of voting rights) of Autoriders International Ltd from his daughter Disha Patel via an off-market inter-se transfer by way of gift on September 17, 2025. The disclosure was filed under Regulation 29(1) of SEBI (SAST) Regulations, 2011 on September 26, 2025. Prior to the acquisition, Bhupesh Patel held Nil shares in the company; post-acquisition, his holding stands at 44,600 shares. Since both parties belong to the promoter/promoter group (father and daughter, i.e., immediate relatives), the overall promoter shareholding of the company remains unchanged.
This is an internal family reshuffle among promoter-group members with no change in total promoter ownership, so there is no material impact on minority shareholders or the stock price. The transaction is a gift transfer and does not involve any cash consideration.