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 has received 3,70,000 equity shares of Keerthi Industries Ltd (4.61% of total share/voting capital) as a Gift from Mr. Seshagiri Rao Jasti on May 08, 2025. The acquirer is NOT part of the promoter/promoter group and held Nil shares prior to this acquisition. Post-acquisition, his holding stands at 3,70,000 shares (4.61%). The company's total equity share capital remains unchanged at 80,16,738 shares. The transfer was an off-market gift transaction, with no consideration involved.
A non-promoter has acquired a meaningful 4.61% stake via gift, placing him just below the 5% creeping acquisition threshold under SAST rules. Any further purchase of even a small number of shares would trigger disclosure obligations and potentially an open offer requirement, so shareholders should watch for follow-up activity.