Shailaja Agrawal 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.
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Shailaja Agrawal, a member of the promoter group, will receive 76,55,550 equity shares (7.67% of share capital) from Devansh Agrawal, another promoter group member, as a gift between immediate relatives. The transfer is expected on or after 23rd June 2025, with no consideration involved. Post-transfer, Shailaja Agrawal's holding will rise from 5.01% to 12.69%, while Devansh Agrawal's holding will drop from 8.43% to 0.75%. The transaction is exempt from an open offer under Regulation 10(1)(a)(i) of SEBI Takeover Regulations as it is an inter-se transfer within the promoter group. Total promoter group ownership of the company remains unchanged since the shares are merely shifting between family members.
This is a neutral event for the stock — the overall promoter group holding does not change, and no cash transaction occurs. It simply reorganises ownership within the Agrawal family and has no direct impact on share price or minority shareholders.