Premier Explosives Limited has submitted to the Exchange a copy of Disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011>
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Premier Explosives disclosed a settlement of equity shares within the promoter group, with AKS Family Trust acquiring 2,22,21,735 shares (41.33% stake) from Mr. Amarnath Gupta (1,63,84,400 shares) and Ms. Kailash Gupta (58,37,335 shares). The transfer was carried out under a SEBI exemption order (Regulation 11(5)) as an inter-se transfer, meaning the overall promoter group shareholding in the company remains unchanged at 41.33%. The transaction is essentially a restructuring of promoter assets from individual family members into a family trust, with no change in the total equity capital (₹10.75 crore comprising 5.37 crore shares of ₹2 face value).
This is an internal promoter group reshuffle with no impact on the company's shareholding pattern or control. Retail investors should note that the promoter group continues to hold 41.33%, which is below the 50% majority threshold, meaning the company does not have a single controlling majority holder among promoters.