Sameer Kothari has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Sameer Kothari filed a disclosure on behalf of the promoter group regarding share allotments under a Scheme of Arrangement involving Hindustan Foods Limited (Transferee), Vanity Case India Private Limited (Transferor), and Avalon Cosmetics Private Limited (Demerged Company). The scheme resulted in issuance of 4,81,39,085 new equity shares on May 21, 2026, with 4,64,58,145 shares held by the Transferor Company subsequently cancelled. Key changes: Sameer Kothari's holding increased from 10.11% to 16.37% (gaining 77,56,652 shares), and Asha Kothari's holding increased from 10.11% to 21.33% (gaining 1,37,71,125 shares). The transaction was exempt under Regulation 10(1)(d)(i) of SEBI SAST Regulations.
Promoter group's collective holding has been restructured, with Sameer Kothari and Asha Kothari significantly increasing their stakes through the demerger scheme arrangement. This strengthens promoter control over the company.