The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Mrs. Jhansi Sureddi, an existing promoter of Picturehouse Media Limited, is acquiring 33,21,179 equity shares (6.36% of diluted share capital) from M/s PVP Ventures Limited through an off-market inter-se transfer. The transfer is scheduled for 30th March 2026 at a price of Rs. 6.64 per share (market price as of 27th March 2026). Post-transaction, Jhansi Sureddi's holding increases from 22.5% to 28.86% of the company's total share capital. The acquisition qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI SAST Regulations as an inter-se transfer between promoter group entities, thereby avoiding the need for an open offer. Both transferor and transferee have confirmed compliance with applicable disclosure requirements under Chapter V of the Takeover Regulations.
The transaction represents a consolidation of promoter holdings and increases Jhansi Sureddi's stake to 28.86%, reinforcing promoter control without triggering an open offer obligation due to the inter-se transfer exemption.