The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Basanta Kumar Swain & PAC
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Awaiting price reaction for this filing.
Promoter Basanta Kumar Swain transferred 9,70,249 equity shares (2.32% of voting capital) to Swagatika Choudhury (a Person Acting in Concert) via an off-market gift on June 5, 2025. As a result, Swanta Kumar Swain's personal holding dropped from 14,77,510 shares (3.53%) to 5,07,261 shares (effectively nil %), while Swagatika Choudhury's holding rose from zero to 9,70,249 shares (2.32%). The total promoter group holding remains unchanged at 14,77,510 shares (3.53% of voting capital). This is a non-cash internal reshuffle within the promoter family, with no change in the overall promoter stake or control of the company.
No impact on overall promoter control or free-float since shares moved within the promoter group. No price impact expected — this is a personal estate planning move, not a market sale.