Aditi Milind Panandikar 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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Aditi Milind Panandikar, a member of the promoter/promoter group of Indoco Remedies, has filed a disclosure with the stock exchange regarding an acquisition of shares made under the exemption provided in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Regulation 10 exempts certain inter se transfers among promoter group members from triggering the mandatory open offer requirement. The filing has been submitted as required under Regulation 10(6), which mandates reporting such exempt acquisitions to the stock exchanges.
This is a procedural disclosure related to a likely internal transfer of shares within the promoter group and does not change the overall promoter shareholding of the company. Investors should monitor for any further details on the size of the acquisition to assess any changes in shareholding pattern.