S. C. Agarwalla has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
MAITHANALL · price
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Mr. Subhas Chandra Agarwalla has informed the stock exchanges about a proposed inter-se transfer of 24,66,660 equity shares of Maithan Alloys Limited, representing 8.47% of the paid-up share capital, among promoter group members by way of gift. The shares are being transferred from Mr. Prahlad Rai Agarwalla (seller) equally to Mr. Subhas Chandra Agarwalla (12,33,330 shares) and Mrs. Sheela Devi Agarwalla (12,33,330 shares). The transaction is priced at Nil since it is a gift, with a proposed execution date on or after 1st August 2025. As a result, Mr. Subhas and Mrs. Sheela's individual stakes will rise from 21.39% to 25.63% each, while Mr. Prahlad Rai Agarwalla's holding will reduce from 10.86% to 2.38%. The transfer qualifies for exemption from open offer under Regulation 10(1)(a)(ii) as it is among promoter family members.
This is a non-cash, internal promoter family reshuffle with no impact on the company's total promoter holding (which stays at 74.96%) or on minority shareholders. Since no money changes hands and the shares are merely being reallocated within the promoter family, there is unlikely to be any meaningful effect on the stock price.