Siddharth Jain , Ishita Jain 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.
INOXINDIA · price
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Awaiting price reaction for this filing.
Siddharth Jain and Ishita Jain, belonging to the promoter group of INOX India Limited, have submitted a disclosure to the stock exchange under Regulation 10(6) of SEBI (SAST) Regulations, 2011. This regulation requires reporting of acquisitions made by promoters that are exempt from the open-offer requirement. The disclosure suggests an inter-se transfer or acquisition within the promoter group. No specific details on the number of shares or transaction value have been provided in the filing headline.
This is a procedural compliance filing related to an internal promoter group transaction. It is unlikely to have a material impact on the stock price as it represents restructuring within the promoter family rather than a change in overall promoter shareholding.