Keynote Financial Services Limited has informed the Exchange regarding 'Report under Regulation 10(1)(a)(i) received from Mr. Vineet Suchanti'.
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Promoter Mr. Vineet Suchanti acquired 1,45,040 equity shares (41.45%) of NSS Digital Media Limited through two inter-se transfers: 44,800 shares (12.80%) received as a gift from his brother Mr. Vivek Suchanti, and 1,00,240 shares (28.64%) received via partition/dissolution of Nirmal Suchanti HUF. NSS Digital Media holds 55.91% in Keynote Financial Services, the target company. As a result, Mr. Vineet Suchanti's stake in NSS Digital rose from 58.49% to 99.93%, giving him indirect control of 55.87% of Keynote. The aggregate promoter and promoter group shareholding in Keynote remains unchanged at 55.91% before and after the transaction. The transaction is exempt from open offer obligations under SEBI Takeover Regulations. No cash consideration was involved as the transfers are by way of gift and HUF partition.
This is an internal family restructuring within the promoter group with no change to the aggregate promoter shareholding (55.91%) in Keynote or its equity capital structure. There is no impact on public shareholders, no open offer obligation triggered, and no material effect on stock price is expected.