Premier Explosives Limited has informed the Exchange about submission of disclosure received under Regulation 29(2) of SEBI (SAST) Regulations 2011, from Dr. Amarnath Gupta [Dr.(Mrs.) Kailash Gupta-joint holder] regarding acquisition (inter-se transfer) of equity shares.
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Premier Explosives Limited has submitted a disclosure under Regulation 29(2) of SEBI (SAST) Regulations 2011. The disclosure relates to Dr. Amarnath Gupta acquiring equity shares of the company through an inter-se transfer, with Dr. (Mrs.) Kailash Gupta as the joint holder. An inter-se transfer means the shares were moved between related parties within the promoter or promoter group family rather than traded on the open market. No specific number of shares or transaction value has been provided in this filing. The disclosure is a regulatory formality required when such transfers cross the prescribed shareholding thresholds.
Since this is an inter-se transfer within the promoter family, the total promoter group shareholding in the company remains unchanged — only the internal distribution of shares shifts. There is no material impact on the stock price or minority shareholders.