Premier Explosives Limited has informed the Exchange about the disclosures received under Regulation 29(1) & 29(2) of SEBI (SAST) Regulations, 2011
PREMEXPLN · price
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AKS Family Trust acquired 2,22,21,735 equity shares (41.33% stake) of Premier Explosives Limited from promoters Mr. Amarnath Gupta (1,63,84,400 shares) and Ms. Kailash Gupta (58,37,335 shares) via an inter-se transfer pursuant to a SEBI exemption order under Regulation 11(5). After the settlement, the individual promoters hold 0% while the AKS Family Trust holds the full 41.33% promoter stake. The total promoter group shareholding remains unchanged at 41.33% — this is a restructuring within the promoter family, not a change in overall promoter control. The settlement was completed on February 18, 2026.
No impact on share price or voting control, as this is purely a reshuffling of promoter shares from individuals to a family trust entity. The promoter group continues to hold 41.33%, which is below the 50% majority threshold, leaving the company vulnerable to potential hostile moves or open-market acquisitions by external entities.