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, a member of the promoter group of Ramchandra Leasing & Finance Ltd, has disclosed an inter-se transfer of equity shares under Regulation 29(2) of SEBI SAST Regulations. He acquired 5,55,000 shares (0.68% of paid-up capital) through an inter-se transfer pursuant to a Share Purchase Agreement dated November 29, 2024, executed on December 19, 2025. His holding has increased from 1,93,47,731 shares (23.84%) to 1,99,02,731 shares (24.52%). The mode of acquisition is inter-se transfer among promoter group members, not an open-market purchase. No encumbrance or pledge is involved in this transaction.
The promoter's individual stake has risen to 24.52%, moving closer to the 25% regulatory threshold. Since this is an internal reshuffle among promoter group members rather than a fresh market buy, the overall promoter shareholding in the company may remain unchanged, and there is no immediate dilution or concentration concern for other shareholders.