The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Millars Machinery Company Pvt Ltd
GMMPFAUDLR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
GMM Pfaudler promoter group entity Millars Machinery Company Pvt Ltd acquired 25,000 equity shares (0.06% of share capital) from fellow promoter Pragna Patel in an off-market inter-se transfer at INR 1,400 per share on August 28, 2025. The transaction was carried out under Regulation 10(1)(a)(i) of SEBI Takeover Regulations, which exempts inter-se promoter transfers from the open offer requirement. Post-transaction, Millars Machinery's stake rose marginally from 9.65% to 9.71%, while the total promoter group holding increased slightly from 25.07% to 25.13%. The prior disclosure under Regulation 10(5) was filed on August 20, 2025, within the required timeline.
This is a minor internal reshuffling among promoter family members with no change in ultimate promoter control or substantial impact on shareholding pattern. Shareholders should note the INR 1,400 per share negotiated price, which may serve as a reference point for valuation discussions.