The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hari Chand Aggarwal
INSECTICID · price
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Insecticides (India) Ltd informed the exchanges about a transfer of 1,96,83,052 equity shares (67.65% of total share capital) from individual promoters to four family trusts — Sanskriti Family Trust, Akshay Family Trust, EJ Private Trust, and KBZ Private Trust. The transfer was carried out as an off-market gift with NIL monetary consideration on or after January 5, 2026 and was completed by January 21, 2026. SEBI had granted an exemption under Regulation 11(5) of the SAST Regulations, 2011 via order dated December 2, 2025, allowing the trusts to acquire the shares without triggering an open offer. Post-transaction, the Sanskriti Family Trust alone holds 1,88,14,302 shares (64.66%), while the other three trusts collectively hold about 3%. The transaction is part of succession planning and internal reorganisation within the promoter family, with individual promoters like Rajesh Kumar Aggarwal and Sanskar Aggarwal each reducing their stakes by 1.37%.
This is a non-commercial internal restructuring among the promoter group, so the overall promoter shareholding in the company remains effectively unchanged. Shareholders should not expect any change in control or open offer; the stock is unlikely to see material price movement from this transfer.