The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lotus Family Trust & Others
PRINCEPIPE · price
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On June 19, 2025, Prince Pipes and Fittings' promoter group restructured holdings via inter-se transfers (without payment of consideration) under SEBI exemption order dated Oct 21, 2024. Five family trusts newly acquired shares: Lotus Family Trust (52,00,000 shares / 4.70% from Tarla Chheda), Sunflower Family Trust (83,04,121 / 7.51% from Parag Chheda), Ruby Family Trust (31,14,045 / 2.82%), Emerald Family Trust (51,90,076 / 4.69%), and Diamond Family Trust (41,52,061 / 3.76%) — all from Vipul Chheda. Vipul's personal holding dropped from 18.78% to 7.51%, Parag's from 18.78% to 11.27%, and Tarla's from 15.73% to 11.02%. Total promoter group holding remains unchanged at 60.94% (6,73,79,075 shares). Paid-up equity capital is Rs. 110.56 crore divided into 11,05,61,079 shares of Rs. 10 each.
This is an internal promoter-family reshuffle moving shares from individual names into family trusts — total promoter stake and voting control are unchanged, so there is no material impact on shareholders or stock price. The move centralises ownership within irrevocable family trusts, which can affect succession planning but not current control.