Disclosure under Regulation 10(5) in respect of the acquisition made in the Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011 by the acquirer to the Company.
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Awaiting price reaction for this filing.
Hind Aluminium Industries has informed the stock exchange about an inter-se transfer of 13,67,252 equity shares (21.70% of share capital) among members of the promoter family. The shares are being gifted/transferred from Lalit Kumar Daga, Sheela Daga, L.K. Daga & Sons HUF, and Lalit Shailesh Daga HUF to Shailesh Daga and Raghav Daga (sons of Lalit Kumar Daga) as part of a family arrangement/distribution deed. The transaction is off-market and qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations. After the transfer, Shailesh Daga will hold 10.41% and Raghav Daga will hold 11.29% in the company. The aggregate promoter and promoter group holding remains unchanged at 29.67% of total share capital both before and after the transaction.
This is a neutral event for shareholders — it's merely a reshuffling of shares within the promoter family with no change in total promoter ownership, so it should have no material impact on the stock price. However, it consolidates shares in the hands of the next generation (sons of the founder), which may signal succession planning.