The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjeev Goyal HUF
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The entire promoter group of Lake Shore Realty Ltd is exiting the company by selling its full holding of 19,19,630 equity shares (54.84%) to AL Maha Investment Fund PCC through a Share Purchase Agreement dated May 30, 2025. The seller M/s. Sanjeev Goyal HUF is disposing of 99,900 shares (2.85%), while PACs (Mr. Sanjeev Goyal, Ms. Priyanka Sethi, Mr. Aditya Goyal, Ms. Saloni Goyal, and Ms. Sanya Goyal) are selling the remaining 51.99%. After this transaction, promoter group holding will drop to nil from 54.84%, representing a complete change of control. The acquirer's shares are yet to be credited to their demat account as per the disclosure note.
This is a full change-of-control event for shareholders. The new acquirer AL Maha Investment Fund PCC will take over the company, which may lead to changes in board composition, business strategy, and long-term direction. Existing minority shareholders will now be dealing with an entirely new promoter entity.