The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for L K Daga & Sons HUF
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Hind Aluminium Industries disclosed an off-market inter-se transfer of 1,10,000 equity shares (1.75% of the company) by L.K. Daga & Sons HUF, a promoter group entity, to Raghav Daga, also belonging to the promoter group, on 18 July 2025. After this transfer, L.K. Daga & Sons HUF's holding drops to 0%, while Raghav Daga's holding rises by 1.75%. Both transferor and transferee are part of the promoter/promoter group, so this is essentially an internal reshuffle of shares within the promoter family rather than a change in overall promoter ownership. The total share capital of the company remains 63,00,200 equity shares (Rs. 6.30 crore). The transaction was carried out off-market and was disclosed under Regulation 29(2) of SEBI SAST Regulations.
This is a neutral event for retail shareholders — no change in total promoter group stake or voting control, and no market impact since it was an off-market family transfer. Investors should monitor the company's overall promoter holding going forward rather than react to this internal movement.