Shreans Daga Family Trust has submitted to the Exchange a copy of Disclosure under Regulation 29(1) of the SEBI (SAST) Regulations, 2011
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Shreans Daga Family Trust, along with persons acting in concert (Varun Daga Family Trust and Kanchan Daga), has disclosed an acquisition of 7,94,463 equity shares (3.00%) of Orbit Exports Limited via an off-market inter-se transfer on March 27, 2026. The acquirer and PACs held NIL shares before this transaction and now collectively hold 18,16,545 shares, representing 6.85% of the company's paid-up equity share capital (2,65,11,152 shares of Rs. 10 each, totalling Rs. 26.51 crore). Importantly, the acquirer has confirmed that it does not belong to the Promoter or Promoter Group of the company. The disclosure is filed under SEBI's takeover regulations, which mandates reporting once any acquirer crosses the 5% shareholding threshold in a financial year.
This is a non-promoter acquisition that takes the acquirer group's holding to 6.85%, approaching the 10% open-offer trigger under takeover rules. While no immediate open offer obligation arises, retail investors should note that further purchases beyond 10% would trigger a mandatory open offer, and the off-market nature of this transfer may indicate a private reorganisation among related family trusts rather than a market-driven event.