The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanya Goyal
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Ms. Sanya Goyal, along with the promoter and PAC group (Mr. Sanjeev Goyal, Saloni Goyal, Priyanka Sethi, Aditya Goyal and Sanjeev Goyal HUF), has disclosed a complete exit from Lake Shore Realty Ltd under SEBI SAST Regulation 29(2). The promoter group sold 19,19,630 equity shares representing 54.84% of the company's share capital, through a Share Purchase Agreement dated May 30, 2025, with the actual sale executed on July 29-30, 2025. Post-disposal, the entire promoter and PAC holding stands reduced to Nil (0%). The acquirer is identified as AL Maha Investment Fund Plc, though its demat account is yet to be credited with the shares. The company's total equity capital remains unchanged at 35,00,700 shares of Rs 10 each.
This is a significant corporate event — the promoters have completely exited the company, transferring majority control to AL Maha Investment Fund Plc. Existing minority shareholders should expect major changes in management, strategy and governance; stock price may react sharply given the change in controlling shareholder.