Promoter group consolidation: Malaxmi to acquire 52.56% in Chiraharit
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Malaxmi Climate Resilience Platform Pvt Ltd, a promoter group entity, proposes to acquire 2.87 crore equity shares (52.56%) of Chiraharit Limited from promoter Mrs. Tejaswini Yarlagadda at Rs. 8 per share via off-market transfer. Price is within 25 percent of the 60-day VWAMP of Rs. 8.65. No open offer triggered as exemption under Regulation 10(1)(a)(iii) applies since Mrs. Yarlagadda holds 90 percent in the acquirer. Total promoter holding stays unchanged at 52.56 percent. Acquisition expected on or after September 7, 2026.
Total promoter holding unchanged at 52.56 percent; intra-group restructuring for easier corporate holding, no open offer.