The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Erramilli Venkatachalam Prasad
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Awaiting price reaction for this filing.
Erramilli Venkatachalam Prasad (acquirer/donee) received 14,48,886 equity shares (2.79% of diluted share capital) as a gift from his spouse Mrs. Lily Bhagvandas Rodrigues, who is also a promoter. The transfer was exempt from an open offer under Regulation 10(1)(a)(i) as it was between immediate relatives. Post-transfer, the acquirer's stake rose from 22.25% to 25.04%, while the transferor's stake fell from 27.83% to 25.04%. Combined promoter holding remains unchanged at roughly 50%, with no change in control. The prior intimation under Regulation 10(5) was filed late (January 5, 2026) due to inadvertent procedural oversight, though the current Reg 10(6) disclosure was filed within the prescribed timeline.
This is an internal reshuffling within the promoter family and carries no material impact on the company's operations or minority shareholders. No cash changed hands, control remains the same, and total promoter holding is unaffected — the stock price is unlikely to react meaningfully to this filing.