Mangalam Cement Limited (on behalf of Vaishnavi Jalan & Avayaan Vikram Jalan) 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.
MANGLMCEM · price
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Awaiting price reaction for this filing.
Mangalam Cement Limited has filed a disclosure on behalf of Vaishnavi Jalan and Avayaan Vikram Jalan, members of the promoter group, reporting an acquisition of shares that qualifies for exemption under Regulation 10 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Regulation 10(6) covers acquisitions made in reliance on exemptions, most commonly inter-se transfers of shares among the promoter/promoter group. No specific number of shares or transaction value has been disclosed in the headline. The filing indicates a reshuffling of holdings within the Jalan family (promoter group) rather than a change in overall promoter ownership.
This is an internal promoter-group share transfer and typically does not change the total promoter shareholding in the company, so it is unlikely to materially affect the stock price. Shareholders should watch for the detailed disclosure to confirm the quantum of shares moved and verify that total promoter holding remains unchanged.