The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Promoters of Hind Aluminium Industries carried out an internal family restructuring involving 13,67,252 equity shares (21.70% of share capital) transferred via off-market gift/distribution deed. Sons Raghav Daga and Shailesh Daga received shares from their father Lalit Kumar Daga, mother Sheela Daga, and two promoter HUFs (L.K. Daga & Sons HUF and Lalit Shailesh Daga HUF). After the transfer, Raghav Daga's holding rose from 3.99% to 15.28%, and Shailesh Daga's holding rose from 3.98% to 14.39%. The sellers' holdings were reduced to zero. Because this is an inter-se transfer among immediate relatives within the promoter group, it qualifies for exemption from open offer requirements, and the aggregate promoter group holding remains unchanged at 29.67%.
This is a neutral, non-cash reshuffling of shares within the promoter family — no change in total promoter ownership or control, so it should have no material impact on the stock price or minority shareholders.