Intimation to Stock Exchange under Regulation 30 of SEBI LODR Regulation 2015 in respect of proposed acquisition under Regulation 10(5) of the SEBI SAST Regulation 2011 being an inter-se ....
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Meyer Apparel Ltd has informed the stock exchange about a proposed inter-se transfer of shares within the promoter group. Mr. Gurmukh Singh Thakral, a promoter group member, will acquire 88,89,000 equity shares (11.04% of paid-up capital) from TIL Investments Pvt. Ltd., another promoter entity, at Rs. 2.21 per share through an off-market transaction on or after January 28, 2026. After the transaction, Mr. Thakral's holding will rise from 1.80% (14,50,000 shares) to 12.84% (1,03,39,000 shares), while TIL Investments will exit completely. The total promoter and promoter group holding in the company will remain unchanged before and after the transfer. Since this is an internal promoter-group reshuffle, it is exempt from the open offer requirement under Regulation 10(1)(a)(ii) of SEBI SAST Regulations.
This is an internal reshuffling among promoter-group entities and does not change the total promoter holding, so there is no direct impact on overall promoter ownership or shareholder value. No open offer is triggered for public shareholders. The low transfer price of Rs. 2.21 per share suggests the stock is illiquid and may indicate the privately negotiated value rather than market price, which investors should note.