The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amrit Nirmal Chamaria & Niraj Chamaria
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Awaiting price reaction for this filing.
Promoter and Whole Time Director Mr. Praveen Bhatia sold his entire 5,000 equity shares (0.09% stake) to Mr. Niraj Nirmal Chamaria via an off-market transaction on 06.06.2025. Niraj Chamaria, along with PAC Amrit Nirmal Chamaria, increased combined holding from 9,95,544 shares (19.51%) to 10,00,544 shares (19.60%) of the company's share capital. Praveen Bhatia's holding has gone to 0% post this transaction. The acquirers are explicitly not classified as part of the promoter/promoter group. The company's total equity share capital remains unchanged at 51,03,000 shares of Rs.10 face value.
This is a small inter-se off-market transfer where a promoter exited his tiny stake while a non-promoter acquirer marginally increased holdings. With the PAC group now at 19.60%, they are approaching the 20% disclosure threshold. Limited impact on share price expected given the tiny 0.09% size of the transaction, though the promoter has fully exited his position.