The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Kailash Kumar Agarwal has informed the exchange about a proposed acquisition of 2,02,466 equity shares (5.16% of paid-up capital) from three family group members — Ghanshyam Das Agarwal, Premlata Agarwal, and Ghanshyam Das Agarwal HUF. The transfer is a gift pursuant to a Family Re-arrangement Agreement dated 14.03.2019 and 12.02.2020, executed off-market. Kailash Kumar Agarwal's personal stake will rise from 30.19% (11,83,934 shares) to 35.35% (13,86,400 shares) post the transaction, expected on or after June 15, 2026. Because it is an inter-se transfer among promoters, it qualifies for exemption from an open offer under Regulation 10(1)(a)(i) of the Takeover Regulations. The total promoter and promoter group holding remains unchanged at 64.90% of the company.
This is an internal family reshuffle done by way of a gift, so there is no change in the overall promoter group control (stays at 64.90%) and no open offer is triggered. Neutral-to-mildly positive signal for shareholders, as it shows continued promoter commitment and consolidation of ownership within the family, with no cash or dilution impact on the company.