The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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KP Green Engineering Ltd has disclosed an inter-se transfer among its Promoter/Promoter Group under SEBI SAST Regulation 10(5). Promoter Mrs. Vahidabanu Faruk Patel will receive 3,30,000 shares (0.66% of share capital) as a gift from Mr. Hassan Faruk Patel, an immediate relative. The transfer is exempt from open offer requirements under Regulation 10(1)(a)(i) as it is between qualifying immediate relatives. Post-transaction, Mrs. Vahidabanu Faruk Patel's holding will rise from 0.34% (1,68,060 shares) to 1.00% (4,98,060 shares), while Mr. Hassan Faruk Patel's holding will drop from 0.67% to 0.01%. The transaction is scheduled to be executed on or before October 15, 2025, and no consideration is involved since it is a gift transfer.
This is a neutral, internal reshuffling of shares within the promoter family with no impact on total promoter group holding or stock price. Retail investors need not worry — it does not signal any change in promoter control or dilution of promoter stake in the company.