S. C. Agarwalla has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
MAITHANALL · price
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S.C. Agarwalla has filed a disclosure under SEBI (SAST) Regulation 10(6) regarding an inter-se transfer of 24,66,660 equity shares (8.47% of paid-up capital) of Maithan Alloys by way of gift, among qualifying promoter family members. Mr. Prahlad Rai Agarwalla (transferor) is gifting 12,33,330 shares each to Mr. Subhas Chandra Agarwalla and Mrs. Sheela Devi Agarwalla (transferees/acquirers). The transaction was completed on 1st August 2025 at Nil consideration. As a result, Subhas Chandra Agarwalla's stake rises from 21.39% to 25.63%, Sheela Devi Agarwalla's stake rises from 21.39% to 25.63%, while Prahlad Rai Agarwalla's stake falls sharply from 10.86% to 2.38%. Total promoter group holding remains unchanged at 74.96%.
This is an internal family reshuffle among promoters with no change in overall promoter control (still 74.96%). No open offer obligation arises under Regulation 10(1)(a)(ii). Shareholders should see no material impact on stock price or ownership structure since shares were merely reallocated within the promoter family at no cost.