In continuation to prior disclosure submitted under Regulation 10(5) dated 23.06.2025, the Company has received the disclosure under Regulation 10(6) for the acquisition made by the acquirer ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hind Aluminium Industries Ltd informed the stock exchange about an inter-se transfer of shares within the promoter group on 18-Jul-2025. Acquirer Raghav Daga received 7,11,404 shares (11.29%) by way of gift/distribution deed from three promoter group entities: Lalit Kumar Daga (46,768 shares, 0.74%), Sheela Daga (5,54,636 shares, 8.80%), and L.K. Daga & Sons HUF (1,10,000 shares, 1.75%). Post this off-market transaction, Raghav Daga's personal holding rose from 3.99% (2,51,276 shares) to 15.28% (9,62,680 shares). The aggregate promoter and promoter group holding remains unchanged at 24.00% before and after the transfer. The transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI SAST Regulations.
Since this is a reallocation within the promoter family with no change in total promoter holding (24%), there is no direct impact on the stock price or minority shareholders. However, it concentrates greater voting power with Raghav Daga, who now holds the largest individual promoter stake at 15.28%.