Prior intimation under regulation 10(5) od SEBI (SAST) Regulations, 2011- Inter-se transfor amoung Promotors
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Mrs. Jatinder Kaur, part of the promoter group of Chadha Papers Ltd, proposes to transfer 13,88,590 equity shares (13.61% of total share capital) to Mr. Rajinder Singh Chadha, her immediate relative, by way of gift with no monetary consideration. The transfer is a private family arrangement and is exempt from the SEBI open offer requirement under Regulation 10(1)(a)(i) for inter-se transfers among immediate relatives. Post-transfer, Mr. Rajinder Singh Chadha's holding will rise from 32.06% to 45.67%, while Mrs. Jatinder Kaur's entire 13.61% stake will go to zero. The transaction is scheduled to take effect on or after November 10, 2025.
This is an internal reshuffle within the promoter family with no change in the total promoter group's economic interest or any cash outflow, so it should not directly affect the stock price. However, it consolidates voting power under Mr. Rajinder Singh Chadha, who will hold nearly half the company, leaving the promoter group still below the 50% majority threshold.