Anirudha 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.
MANAKALUCO · price
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Anirudha Agrawal, a promoter of Manaksia Aluminium Company, has informed the exchanges about acquiring 58,81,875 equity shares (8.98% of the company's share capital) by way of gift from his parents, who are also promoters. Specifically, he will receive 45,00,000 shares (6.87%) from his father Sunil Kumar Agrawal and 13,81,875 shares (2.11%) from his mother Manju Agrawal. The transaction is an inter-se transfer among immediate relatives, executed via gift deed, with no cash consideration involved. As a result, Anirudha's stake will rise from 26.13% to 35.10%, while Sunil Kumar's holding will fall from 44.02% to 37.15% and Manju Agrawal will exit the shareholding entirely. The transfer is expected on or after 19th June 2025 and is exempt from the open offer requirement under Regulation 10(1)(a)(i) of the Takeover Regulations.
Since this is a family gift transfer within the promoter group, the total promoter shareholding remains unchanged and there is no cash outflow. The transaction simply reallocates ownership within the Agrawal family and is unlikely to have any meaningful effect on the stock price or minority shareholders.