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Promoter Amarr Narendra Galla has disclosed a significant increase in shareholding through an inter-se transfer. Prior to the transaction, the promoter held 4,20,00,000 equity shares (6.02%). An additional 12,84,51,820 shares were acquired via inter-se transfer, bringing the post-transaction holding to 17,04,51,820 shares (24.45%). The transaction was executed on May 8, 2026, and was reported in Form C as per SEBI's continual disclosure norms for insiders. This represents an increase of approximately 18.43 percentage points in promoter stake.
The promoter's stake nearly quadrupled from 6.02% to 24.45%, indicating a significant consolidation of promoter group holding. This intra-group transfer strengthens promoter control over the company and reduces public float accordingly.