The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sameer Kothari & Others
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Sameer Kothari and other promoters have disclosed shareholding changes pursuant to a scheme of arrangement between Avalon Cosmetics Private Limited, Vanity Case India Private Limited, and Hindustan Foods Limited. The scheme involved allotment of 4,81,39,085 equity shares on May 21, 2026, with 4,64,58,145 shares held by Vanity Case India Private Limited being cancelled as part of the restructuring. Sameer Kothari's stake increased from 10.11% to 16.37%, while Asha Kothari's stake increased from 10.11% to 21.33%. The transaction was exempt under Regulation 10(1)(d)(i) of SEBI SAST Regulations.
The promoter group has significantly increased their collective stake in Hindustan Foods Ltd through this corporate restructuring, with Asha Kothari emerging as the largest individual promoter holder at 21.33% and Sameer Kothari at 16.37%.