The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asha Garg & PACs
HPIL · price
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Awaiting price reaction for this filing.
Asha Garg, part of the promoter group of Hindprakash Industries Ltd, acquired 4,00,000 equity shares (3.50% of total share capital) on 10/06/2025 by way of a gift from an existing promoter. This is an inter-se transfer among promoter group members, so the aggregate promoter group holding remains unchanged at 74.85% (85,50,955 shares). The equity share capital of the company is Rs. 11.42 crore consisting of 1,14,24,110 shares of Rs. 10 each. No cash was involved as the shares were transferred as a gift, and no new shares were issued.
This is a non-event for shareholders in terms of ownership change — the total promoter group stake is unchanged since it is an internal reshuffle within the family. The stock price is unlikely to be materially affected as no open-market buying or change in controlling interest is involved.