The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akhil Mittal
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Akhil Mittal, who belongs to the promoter group of Ramchandra Leasing & Finance Ltd, acquired 4,89,500 equity shares (0.60% of the company) through an inter-se transfer on December 30, 2025, pursuant to a Share Purchase Agreement dated November 29, 2024. His stake in the company rose from 24.52% (1,99,02,731 shares) to 25.13% (2,03,92,231 shares), thereby crossing the 25% disclosure threshold under SEBI's SAST Regulations. The total equity share capital of the company remains unchanged at 8,11,62,000 shares. No encumbrance (pledge/lien) was created on the shares as part of this transaction.
This is a routine inter-promoter-group share reshuffle that has nudged the promoter's holding above the 25% SAST trigger level, attracting mandatory disclosure but no open-offer obligation since it is an inter-se transfer within the promoter group. For shareholders, the change in promoter stake is small (0.60%) and unlikely to move the stock price on its own, but it signals ongoing consolidation of holdings within the promoter group.