The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(d)(iii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Mr. Gurmukh Singh Thakral (Promoter) acquired 88,89,000 equity shares (11.04% of paid-up capital) of Meyer Apparel Ltd from TIL Investments Private Limited (Promoter Group entity) through an off-market inter-se transfer on January 29, 2026, at Rs. 2.21 per share (approx. Rs. 1.96 crore total). As a result, Mr. Thakral's individual stake rose from 1.80% to 12.84%, while TIL Investments' stake dropped from 11.04% to 0%. The aggregate Promoter and Promoter Group holding remains unchanged at 74.32% of the company. The transaction qualifies for exemption from open offer obligations under Regulation 10(1)(a)(ii) as it is an inter-se transfer within the promoter group. The company paid SEBI filing fees of Rs. 1,77,000 (including GST) for this disclosure.
No material impact on the company's ownership structure or stock price expected, since the aggregate promoter group holding is unchanged at 74.32%. This is an internal reshuffle of shares between promoter family entities, with Mr. Gurmukh Singh Thakral consolidating his personal stake at the cost of TIL Investments Pvt Ltd.