Disclosure pursuant to Regulation 30 under SEBI (LODR) Regulations, 2015 the Company has received the report under Regulation 10(7) of SEBI (SAST) Regulations, 2011 by the acquirers.
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Awaiting price reaction for this filing.
Promoters Shailesh Daga and Raghav Daga (sons of founder Lalit Kumar Daga) together acquired 80,366 equity shares (20.50% of paid-up capital) through an off-market inter-se gift transfer from five promoter family members/HUFs. Shailesh Daga's stake jumped from 2.29% (8,960 shares) to 12.84% (50,343 shares), acquiring 41,383 shares (10.55%) from Lalit Kumar Daga, L.K. Daga & Sons HUF, and Lalit Shailesh Daga HUF. Raghav Daga's stake rose from 4.24% (16,620 shares) to 14.18% (55,603 shares), receiving 38,983 shares (9.94%) from Lalit Kumar Daga, Sheela Daga, and Lalit Raghav Daga HUF. The transaction is exempt from open offer under Regulation 10(1)(a)(ii) since transferors and transferees are immediate relatives. The aggregate promoter and promoter group holding remains unchanged at 27.02% (1,05,946 shares); only intra-family redistribution has occurred.
This is a straightforward internal succession/gift restructuring within the promoter family — aggregate promoter ownership is unchanged at 27.02%, so there is no change in control, no open offer obligation, and no likely impact on the stock price or minority shareholders.