The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kailash Chandra Agarwal
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Promoter Kailash Chandra Agarwal has disclosed an inter-se transfer of 54,59,007 equity shares (2.123% of paid-up capital) to Parul Agarwal, both members of the promoter group, effective 24.11.2025. After this transfer, Kailash Chandra Agarwal's individual holding drops from 5.172% (1,32,98,356 shares) to 3.049% (78,39,349 shares), while Parul Agarwal's holding rises from 0.314% (8,07,000 shares) to 2.437% (62,66,007 shares). The total promoter group shareholding remains unchanged at 50.840% (13,07,23,860 shares) of the company's paid-up equity capital of 25,71,25,940 shares of Re.1 each. This is a routine internal promoter group reshuffling and does not change the overall promoter control or trigger any open offer obligations.
Neutral for shareholders. Since this is merely a reallocation of shares within the promoter family, the total promoter holding and control over the company remain exactly the same. The share price is unlikely to be materially impacted as there is no change in the promoter group's economic or voting interest.