Vivek Suchanti 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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Vivek Suchanti, a promoter of Keynote Financial Services Limited, has informed the exchanges about acquiring 2,82,499 equity shares (5.07% of share capital) from Nirmal Suchanti HUF through an inter-se transfer within the promoter group. The transfer is happening due to the dissolution and partition of the HUF as part of family succession planning, and no monetary consideration is involved. After the transaction (on or after 26th June 2025), Vivek Suchanti's holding in the company will rise from 5.38% (2,99,395 shares) to 10.45% (5,81,894 shares). The aggregate promoter and promoter group holding before and after the transaction remains unchanged, and the transfer qualifies for exemption under Regulation 10(1)(a)(ii), meaning no open offer obligation is triggered.
This is a neutral event for shareholders as it is merely a reshuffling of shares within the promoter family (HUF dissolution) with no change in total promoter group ownership and no cash transaction. The crossing of the 10% individual holding threshold by Mr. Suchanti is a procedural update and should not materially impact the stock price.