Shailaja Agrawal 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.
MANAKCOAT · price
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Shailaja Agrawal, a member of the promoter group, received 76,50,550 equity shares (7.31%) of Manaksia Coated Metals & Industries Limited from Devansh Agrawal, also a promoter group member, through an inter se transfer by way of gift dated 23rd June 2025. No consideration or cash was involved in the transaction. Post-transfer, Shailaja Agrawal's holding rose from 4.78% (49,97,810 shares) to 12.09% (1,26,48,360 shares), while Devansh Agrawal's holding dropped from 8.03% (84,00,550 shares) to 0.72% (7,50,000 shares). The transaction is exempt from an open offer under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations, as it is an internal reallocation within the promoter family.
This is a neutral event for shareholders as it is a reshuffle of shares within the promoter family with no change in total promoter ownership and no cash outflow. The overall control and promoter shareholding of the company remain unchanged, so there is no material impact on the stock price or minority shareholders.