Balkrishna Namdeo Salunkhe has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Mr. Balkrishna Namdeo Salunkhe, an immediate relative and member of the Promoter Group, has submitted a disclosure for acquiring 4,55,098 equity shares (2.04% of total share capital) from his relative Mr. Rajendra Namdeo Salunkhe via inter-se transfer by way of gift. The transaction, scheduled on or after May 29, 2026, involves zero monetary consideration as it is an off-market transfer pursuant to an Affidavit of Gift. This transfer qualifies for exemption under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. Importantly, the aggregate holding of the Promoter and Promoter Group remains unchanged at 4.10% for Balkrishna Salunkhe after the transaction (up from 2.05%), while Rajendra Salunkhe's holding drops to nil.
This is a routine intra-family redistribution of promoter shares with no change in total promoter group holding. The filing is procedural and has no direct impact on the company's operations, valuation, or minority shareholder position. No open offer is triggered.