The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhishek Saraff
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Mr. Abhishek Saraff, a member of the promoter group of Chennai Ferrous Industries Ltd, has transferred his entire holding of 73,712 equity shares (face value ₹10 each) to his father Mr. Subhash Chandra Saraff, also a promoter group member, by way of a gift on 16 June 2025. This is an off-market inter-se transfer within family members, and not a market transaction. Prior to the transfer, Abhishek Saraff held 73,712 shares representing about 2.045% of the company's paid-up equity capital (total equity capital being 36,04,509 shares); after the transfer, his holding stands at zero. The shares have effectively moved within the promoter family, so the overall promoter group shareholding in the company remains unchanged. The disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011 with BSE (Scrip Code 539011).
No impact on total promoter shareholding or on retail shareholders — this is a reshuffle within the promoter family, not a change in promoter control. Share price is unlikely to be affected as no shares have been sold in the open market.