The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Chadha Papers Ltd has informed BSE of a proposed inter-se transfer of 13,88,590 equity shares (13.61% of share capital) among promoters by way of gift, exempt under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. Mrs. Jatinder Kaur (transferor/promoter) will gift her entire 13.61% stake to Mr. Rajinder Singh Chadha, her immediate relative, on or after November 10, 2025. No consideration is involved as this is a private family arrangement. Post-transfer, Mr. Rajinder Singh Chadha's holding will rise from 32.06% (32,71,254 shares) to 45.67% (46,59,844 shares), while Mrs. Jatinder Kaur will exit with 0% holding. The transaction does not trigger an open offer due to the immediate-relative exemption.
This is a neutral, internal promoter reshuffle with no cash outflow or stock price impact expected. It consolidates ownership within the promoter family, with Mr. Rajinder Singh Chadha moving closer to the 50% mark but still below majority-controlling threshold. Shareholders should note the increased concentration of voting power in a single promoter.