Disclosure under Regulations 29(2) of the SEBI SAST Regulations 2011
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Polsons Traders LLP, part of the promoter group, sold its entire stake of 36,29,246 shares (3.04%) via off-market inter-se transfers. The shares were picked up by three individual promoters: Mr. Rishav Aggarwal bought 15,99,246 shares (1.34%), Mr. Sanjeev Aggarwal (Chairman & MD) bought 12,00,000 shares (1.00%), and Mr. Neerav Aggarwal bought 8,30,000 shares (0.70%). Post-transaction, Rishav Aggarwal's holding rose from 0.74% to 2.08%, Sanjeev Aggarwal's from 0% to 1.00%, and Neerav Aggarwal's from 0.59% to 1.29%. The trades were executed in multiple tranches between November 12 and December 23, 2025.
This is a reshuffle of shares within the promoter family — no change in total promoter group holding, which stays at 70.49%. Existing shareholders should see no impact on promoter control or voting power. However, the concentration of ownership has shifted from the Polsons Traders LLP entity to three individual promoters, with Apollo Pipes Ltd continuing to hold the dominant 58.60% stake.