Hari Chand Aggarwal On Behalf of Acquirer Trusts and Promoters of the Company 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.
INSECTICID · price
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Awaiting price reaction for this filing.
Hari Chand Aggarwal, acting on behalf of Acquirer Trusts and Promoters of Insecticides (India) Limited, has submitted a disclosure to the stock exchange under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This report pertains to an acquisition made by the promoter group entities in reliance upon the exemption provided under Regulation 10. Regulation 10 typically covers acquisitions such as inter-se transfers among promoter group members or creeping acquisitions that are exempt from triggering an open offer to public shareholders.
This is a procedural compliance filing related to a promoter-group acquisition that qualifies for an exemption from the open offer requirement. It does not indicate any change in overall promoter control and is unlikely to have a direct impact on the stock price, though it suggests continued consolidation of shareholding within the promoter group.