The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(4)(f) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for
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SST Private Family Trust, a promoter of Lactose India Ltd, acquired 5,75,184 shares (4.57% of share capital) from Madhusha Lifecare Private Limited, another promoter group entity, on 17th December 2025. The transaction was executed at Rs. 61 per share, well within the 25% cap of the 60-day volume-weighted average market price of Rs. 120.91. Post-acquisition, the Trust's holding in Lactose India rose from 4.57% (5,75,184 shares) to 10.53% (13,25,184 shares). The filing is a routine compliance disclosure for an inter-se transfer within the promoter group, exempt from open offer requirements under Regulation 10(1)(a) of SEBI SAST Regulations, 2011. A clerical error was also disclosed, where shares intended for the settlor's demat account were instead transferred to the trustee's account — both accounts belong to the same Trust.
No material impact on minority shareholders or stock price — this is an internal reshuffling within the promoter group and does not trigger an open offer. It reflects consolidation of promoter ownership within the same family trust structure.