Kiran D Anand has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Kiran D Anand, a member of the promoter group, received 2,62,106 equity shares (0.18% of total share capital) through transmission following the demise of Mr. Deep C Anand. Her personal shareholding rose from 1.73% to 1.91% of the company. The total promoter and promoter group shareholding remains unchanged at 55.00% (7,90,04,167 shares), as this is an internal family transmission of shares and not a market transaction. The disclosure is filed under Regulation 10(1)(g) of SEBI SAST Regulations, which exempts such intra-family transmissions from the open offer requirement.
This is a non-event for the stock — it is a family transmission of shares following a death and does not change the aggregate promoter ownership or the total shares outstanding. No impact on share price is expected as no market transaction has occurred.