In continuation to prior disclosure submitted under Reg 10(5) dated 23.06.2025, the company has received the disclosure under regulation 10(6) of SEBI (SAST) Regulation, 2011 by the acquirer ....
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Hind Aluminium Industries disclosed an inter-se transfer of shares within its promoter group on 30 July 2025. Shailesh Daga received 5,48,848 shares (8.71%) from Lalit Kumar Daga and 1,07,000 shares (1.70%) from Lalit Shailesh Daga HUF, totalling 6,55,848 shares (10.41%), by way of gift/distribution deed. Shailesh Daga's individual holding rose from 3.98% to 14.39% of the company, while Lalit Kumar Daga and the HUF were reduced to nil. The total aggregate promoter and promoter group holding before and after the transaction remains unchanged. The transfer is off-market, qualifies under the exemption under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011, and no open offer is triggered.
This is a routine internal family restructuring of promoter shareholding and should not affect the stock price or public shareholders, as the total promoter stake and voting rights in the company remain unchanged. Shareholders may note that control is now more concentrated in the hands of Shailesh Daga individually, but no open offer obligation arises.