The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chetan Anand Buradagunta
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Mr. Chetan Anand Buradagunta, who is NOT part of the Promoter/Promoter Group, received 2,50,000 equity shares of Keerthi Industries Ltd as a Gift from Mr. Seshagiri Rao Jasti on May 21, 2025. This represents 3.11% of the company's paid-up equity share capital (total capital: 80,16,738 shares). Post the transfer, Buradagunta's holding in the company has increased from 20,000 shares (0.25%) to 2,70,000 shares (3.36%). The shares were transferred off-market via gift, and the disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a private, off-market gift transaction between two individuals and does not involve any cash flow into or out of the company. It has no direct impact on the stock price, company financials, or existing shareholders — it merely reallocates ownership between private parties.