Keynote Financial Services Limited has informed the Exchange regarding 'Report under Regulation 10(1)(a)(i) received from Mr. Vivek Suchanti'.
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Keynote Financial Services Limited informed the exchanges about a report under SEBI Takeover Regulations received from promoter Mr. Vivek Suchanti. The transaction involved the inter-se transfer of 2,82,499 equity shares (5.07% of share capital) from Nirmal Suchanti HUF to Mr. Vivek Suchanti, following the dissolution and partition of the HUF. As a result, Mr. Vivek Suchanti's stake in the company increased from 5.38% (2,99,395 shares) to 10.45% (5,81,894 shares), while the HUF's holding was reduced to NIL. The transaction was carried out on 26th June 2025, with no monetary consideration involved, as it was a family partition triggered by the demise of Late Nirmal Suchanti. The acquirer and seller qualify as immediate relatives under SEBI regulations, and the transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii).
This is a routine internal restructuring within the promoter group with no impact on share price or minority shareholders. Total promoter shareholding in the company remains unchanged as it is merely a transfer between promoter entities (from HUF to individual Karta). No open offer obligation triggered due to the inter-se transfer exemption.