Copy of Disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
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Awaiting price reaction for this filing.
Mrs. Charushila Vipul Lathi acquired 5,17,00,000 equity shares (34.70% of the company) of Galactico Corporate Services Ltd through a gift deed, without paying any consideration. The shares were transferred by Mr. Vipul Dileep Lathi, a member of the promoter group, in what is described as a private family arrangement. The transaction qualifies as an inter-se transfer under Regulation 10(1)(a) of SEBI's Takeover Regulations, so no open offer to other shareholders is required. Post-transaction, Charushila Vipul Lathi holds 34.70% of the company while Vipul Dileep Lathi's stake drops from 34.74% to just 0.01%. The disclosure was filed with BSE on February 11, 2025.
This is purely an internal reshuffling within the promoter family — the total promoter group shareholding remains unchanged, so existing public shareholders are not affected and no open offer is triggered. The stock price is unlikely to react to this announcement.