Diwakar Finvest Private Ltd has submitted to the Exchange a copy of Withdrawal of disclosure under regulation 10(5) of the Securities Exchange Board ofIndia (Substantial Acquisition of Shares and Takeover) Regulations, 2011
EMAMIPAP · price
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Diwakar Finvest Private Limited, part of the promoter group of Emami Paper Mills Limited, has withdrawn a disclosure originally filed on 21st August 2025 under SEBI's Takeover Regulations. The earlier disclosure related to a proposed inter-se transfer of shares among promoters and acquirers. The company has stated that the parties do not wish to proceed with the share transfer on the originally proposed date. They have assured that any future inter-se transfer will be carried out with fresh compliance and required formalities.
The planned internal reshuffle of shares within the promoter group has been called off, so there is no immediate change in promoter shareholding. This is a procedural update and is unlikely to have a material effect on the stock price, though it removes uncertainty around the previously announced transfer.