The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raghav Daga
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Hind Aluminium Industries Ltd disclosed that 7,11,404 equity shares (11.29% of total) were transferred within the promoter family on 18-07-2025. Shares were gifted/transferred from 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%) to Raghav Daga. As a result, Raghav Daga's individual stake jumped from 3.99% (2,51,276 shares) to 15.28% (9,62,680 shares), while Sheela Daga and L.K. Daga & Sons HUF moved to zero holding. The total promoter group holding remains unchanged at 24.00% before and after the transfer. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(ii) as it is an inter-se transfer within the promoter group.
This is an internal family restructuring with no change in total promoter ownership or any open offer obligation. Net impact on the stock should be neutral, though it concentrates shareholding in a single younger family member (Raghav Daga), which may signal succession planning within the promoter group.