The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gurmukh Singh Thakral
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Awaiting price reaction for this filing.
Promoter Gurmukh Singh Thakral acquired 88,89,000 equity shares (11.04% of paid-up capital) of Meyer Apparel Ltd from promoter group entity TIL Investments Pvt. Ltd. through an off-market inter-se transfer at Rs. 2.21 per share on 29 January 2026. Post-transaction, Thakral's stake in the company rose sharply from 1.80% (14,50,000 shares) to 12.84% (1,03,39,000 shares), while TIL Investments' holding went down to nil. Since this is an internal transfer within the promoter group under Regulation 10(1)(a)(ii), no open offer obligation was triggered. The required disclosure under Regulation 10(5) was already filed on 21 January 2026.
This is a reshuffling of shares within the promoter family rather than a fresh market purchase, so total promoter group holding remains unchanged. Shareholders should note the consolidation of voting power in a single promoter (Thakral) and the very low transaction price (Rs. 2.21), which may raise questions about valuation but reflects private family arrangement.