Jyotsna Poddar has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Jyotsna Poddar has disclosed a proposed acquisition of 22,44,000 shares (0.56% of share capital) from fellow promoter Akshay Poddar, scheduled on or after 11th August 2025. The transfer is a gift between relatives within the promoter group, with no monetary consideration involved. Post-transfer, Jyotsna Poddar's holding will rise from 1.07% (42,96,972 shares) to 1.63% (65,40,972 shares), while Akshay Poddar's stake will reduce from 0.56% to a negligible 255 shares. The transaction is exempt from the open offer requirement under Regulation 10(1)(a)(i) as an inter-se transfer among promoters. The filing also includes annual Regulation 31(4) encumbrance declarations for FY2023, FY2024, and FY2025 confirming no undisclosed encumbrances on shares.
This is a routine reshuffling of shares within the promoter family and has no material impact on the company's promoter group shareholding or stock price, as the total promoter stake remains unchanged. No open offer is triggered.