The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Subhash Chandra Saraff
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Mr. Subhash Chandra Saraff, a member of the promoter group of Chennai Ferrous Industries Ltd, has acquired 73,712 equity shares (2.045% of paid-up capital) by way of gift from his son Mr. Abhishek Saraff, also a promoter group member. The acquisition happened on 16 June 2025 through an off-market inter-set transfer within family members. After this transfer, Mr. Subhash Chandra Saraff holds 73,748 shares (2.045%) of the company. The total equity share capital of the company remains 36,04,509 shares of Rs. 10 each. Since this is a transfer within the promoter family, there is no change in the overall promoter group holding of the company.
This is an internal family restructuring within the promoter group and has no impact on the total promoter holding or the company's free float. Shareholders should note that no market transaction occurred, so there is no direct impact on the stock price from this filing.