The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tapovan Paper and Board Mills Ltd & Others
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Tapovan Paper and Board Mills Ltd, along with three transferor companies (Jeevan Farms Pvt Ltd, Paresh Farms Pvt Ltd, and Prabha Farms Pvt Ltd), has filed a disclosure under SEBI Takeover Regulations regarding an internal share transfer. Pursuant to a scheme of amalgamation sanctioned by NCLT on November 26, 2025, the three transferor companies have merged into Tapovan Paper and Board Mills Ltd. As a result, 134,585 equity shares (0.71%) of Nath Industries held by these transferor companies now vest in Tapovan Paper and Board Mills Ltd. Tapovan Paper's direct holding in Nath Industries rises from 10,00,000 shares (5.26%) to 11,34,585 shares (5.97%). The total promoter group shareholding remains unchanged at 73.71% before and after the transfer, confirming this is purely an internal reorganization with no impact on overall promoter control.
This is a cosmetic change with no impact on shareholders — the promoter group's collective stake stays at 73.71%, so there is no change in control, no new acquisition from the market, and no dilution for minority shareholders.