The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i) / (iv) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
GREENPANEL · price
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Mr. Shobhan Mittal received 60,70,800 shares (about 4.95% of the company) as a gift from his parents, Mr. Shiv Prakash Mittal and Mrs. Santosh Mittal, on March 28, 2025. The acquisition price was Nil since this was a gift between immediate relatives, qualifying for exemption under Regulation 10(1)(a)(i) of SEBI Takeover Regulations — so no open offer was triggered. As a result, Shobhan Mittal's personal holding rose from 8.63% to 13.58%, and the combined promoter group holding (with PACs Prime Holdings and Bluesky Projects) increased from 48.18% to 53.13%, crossing the 50% mark. The sellers (parents) moved from 4.95% combined holding to zero. All required filings were made on time with a fee of Rs 1,50,000 paid to SEBI.
No cash changes hands and no open offer is triggered since this is an internal family reshuffle, but the promoter group's combined stake now exceeds 50% of Greenpanel, giving them firmer control. Retail investors should note that promoter holdings have been consolidated within the family and there is no change in ultimate beneficial control.