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, ....
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SST Private Family Trust (a promoter of Lactose India Ltd) acquired 5,75,184 shares (4.57% of paid-up capital) from Madhusha Lifecare Private Limited (another promoter-group entity) at Rs. 61 per share on 17th December 2025. Post this inter-se transfer, SST Private Family Trust's holding rose from 7,50,000 shares (5.96%) to 13,25,184 shares (10.53%), while the aggregate promoter group shareholding remains unchanged. The transaction qualifies for exemption from open-offer requirements under Regulation 10(1)(a) as it is a transfer among named promoters/promoter group. Lactose India is listed on BSE (Scrip Code: 524202) and is based in Vadodara, Gujarat.
No change in overall promoter control or public shareholding — this is a re-allocation within the promoter family and does not affect minority shareholders. However, note that SST Private Family Trust has individually crossed the 10% shareholding mark, so any future acquisitions by it may attract SEBI disclosure scrutiny.