The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SST Private Family Trust
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Awaiting price reaction for this filing.
SST Private Family Trust acquired 5,75,194 shares (4.57% of diluted share capital) of Lactose (India) Ltd from Madhusha Lifecare Private Limited on 17th December 2025 at Rs. 61.00 per share. This was an inter-se transfer within the promoter and promoter group, exempt from open offer requirements under Regulation 10(1)(a) of SEBI SAST Regulations. Post-transaction, SST Private Family Trust's stake rose from 1.96% (2,50,000 shares) to 10.53% (13,25,194 shares), while Madhusha Lifecare's stake fell to nil. A subsequent clarification on 23rd December 2025 addressed a clerical error where shares were transferred to the Trustee's demat account instead of the Settlor's account — both accounts belong to the same Trust.
This is an internal reshuffling within the promoter group with no change in total promoter holding or cash leaving the group. The share price is unlikely to be materially impacted, though the Trust's holding crossing the 10% mark means future acquisitions may attract SEBI's creeping acquisition limits.