The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shrinivas V Dempo & Others
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V.S. Dempo Holdings and related entities (promoter group of Hindustan Foods) filed a SAST disclosure following an intra-group corporate restructuring. Shares were allotted to acquirers on 21 May 2026 under a Scheme of Arrangement involving Avalon Cosmetics and Vanity Case India. Post-transaction, V.S. Dempo Holdings holds 1,28,99,157 shares (10.65%), Vassudeva Dempo Family Private Trust holds 57,94,994 shares (4.78%), Soiru Dempo Family Private Trust holds 18,95,804 shares (1.56%), and Shrinivas V Dempo holds 20,00,000 shares (1.65%). The exemption under Regulation 10(1)(d)(i) was claimed as this was a Scheme of Arrangement (de-merger), not an open market acquisition.
Promoter holding increased substantially but remains below 50%, so no open offer trigger was breached. The restructuring consolidates promoter stakes without any material change in effective control.