The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
MANAKALUCO · price
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Mr. Anirudha Agrawal, a promoter of Manaksia Aluminium Company Ltd, has informed the stock exchanges about a proposed acquisition of 58,81,875 equity shares, equal to 8.98% of the company's share capital, by way of gift. The shares will come from his father Sunil Kumar Agrawal (45,00,000 shares, 6.87%) and his mother Manju Agrawal (13,81,875 shares, 2.11%), both of whom are also members of the promoter group. The transaction qualifies as an inter-se transfer among immediate relatives and is exempt from the open offer requirement under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations, 2011, with no cash consideration involved. Post-acquisition, Anirudha Agrawal's stake will rise from 26.13% to 35.10%, Sunil Kumar Agrawal's stake will drop from 44.02% to 37.15%, and Manju Agrawal will exit the shareholding entirely. The total promoter group shareholding remains unchanged, and the transfer is expected to take place on or after 19th June 2025.
This is an internal family reorganisation of promoter holdings with no change in total promoter shareholding and no impact on minority shareholders. Since shares are being gifted at zero cost, there is no material impact expected on the stock price, though it signals the next-generation promoter consolidating a larger operational stake in the company.