The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amarnath Gupta, AKS Family Trust & Others
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Awaiting price reaction for this filing.
AKS Family Trust acquired 2,22,21,735 equity shares (41.33% of the company) from Mr. Amarnath Gupta (1,63,84,400 shares, 30.48%) and Ms. Kailash Gupta (58,37,335 shares, 10.86%) via a settlement on February 18, 2026, pursuant to a SEBI exemption order under Regulation 11(5). This is an internal restructuring within the promoter family, where shares moved from individual promoters to a Family Trust. The total promoter and promoter group shareholding in the company remains unchanged at 41.33% before and after the transfer. The company's total share capital is INR 10,75,22,390 comprising 5,37,61,195 equity shares of INR 2 face value.
Since the total promoter holding stays flat at 41.33%, there is no change in control or promoter stake for minority shareholders. The transfer is a housekeeping exercise to consolidate promoter shares under a Family Trust and should be neutral for the stock price.