The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anita Kaushik & PACs
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Anita Kaushik, a promoter of Inflame Appliances Ltd, acquired 13,20,600 equity shares (17.63% of the company's share capital) from fellow promoter Aditya Kaushik on September 26, 2025, through an off-market inter-se transfer by way of gift within the promoter group. Post the transaction, Anita Kaushik's holding rose from 0.09% (7,200 shares) to 17.73% (13,27,800 shares), while Aditya Kaushik's holding dropped from 40.23% to 22.60%. The total promoter group holding remained unchanged at 44.72% (33,50,000 shares), and the transfer is exempt from open offer obligation under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The company is listed on the BSE SME platform.
This is an internal family reorganization with no change in total promoter group ownership or voting control, so it is unlikely to materially affect the stock price or minority shareholders. No open offer obligation is triggered.