Announcement under Regulation 30 - Disclosures under Regulations 10(6) and 29(2) of SEBI (SAST) Regulations, 2011 for acquisition of shares by Members of Transferor Company, pursuant to ....
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Choksi Asia Limited has allotted new equity shares to members of Choksi Asia Private Limited (the amalgamated transferor company) pursuant to a Scheme of Amalgamation, effective May 29, 2025. As a result, the company's paid-up equity capital increased from 39,00,000 to 57,01,104 shares (an addition of ~18 lakh shares). Promoter family members received the bulk of the allotment: Samir Choksi got 13,68,623 shares (taking his holding to 43.90% from 29.07%), Bindu Choksi got 13,69,998 shares (24.03%), and smaller allotments went to Jay, Priyam, Raj, Kruti Choksi and Samir K Choksi HUF. Additionally, 9,49,896 shares (24.36%) previously held by Choksi Asia Private Limited in the listed entity were extinguished due to cross-holding under the scheme. The acquisition qualifies for exemption from open offer under Regulation 10(1)(d)(ii) of SEBI (SAST) Regulations.
Promoter and promoter-group shareholding has risen sharply through a non-cash amalgamation, with no open offer triggered. Existing minority shareholders are diluted from a promoter holding perspective, but the transaction is internal to the promoter group, so there is no cash outflow or change of control implications.