The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chandra Prakash Agrawal & Others
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Awaiting price reaction for this filing.
Santosh Kumar Agrawal acquired 23,49,775 equity shares (0.974% stake) from Smriti Agrawal, and Chandra Prakash Agrawal acquired 22,97,500 equity shares (0.952% stake) from Pallavi Agrawal, all on December 23, 2025. Both transactions were off-market inter-se transfers within the Agrawal promoter family, described as a private arrangement to streamline family assets. Santosh Kumar Agrawal's holding rose from 3.689% to 4.663%, while Chandra Prakash Agrawal's holding rose from 35.967% to 36.919%. The total promoter and promoter group holding remained unchanged at 69.833% of the company's equity share capital.
This is a neutral event for shareholders — it is a reshuffle among promoter family members with no change in total promoter ownership or in the company's capital structure. Stock price is unlikely to be materially affected since no new promoter buying or selling from the open market occurred.