The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Radhika Securities Pvt Ltd
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Radhika Securities Pvt Ltd (RSPL), a promoter group entity of Rasandik Engineering Industries India Ltd, acquired 616,732 equity shares (10.32%) from fellow promoter group entity Ganesha Securities Pvt Ltd (GSPL) pursuant to a Scheme of Amalgamation approved by the Regional Director on February 14, 2025. Before the transaction, RSPL held 848,583 shares (14.20%); after the transfer, RSPL holds 1,465,315 shares (24.52%). Both entities are ultimately controlled by the same individuals in the same proportion, so the aggregate promoter and promoter group shareholding remains unchanged. The transaction qualifies for exemption under Regulation 10(1)(d)(iii) of SEBI SAST Regulations as an inter-se transfer.
This is a purely internal restructuring within the promoter group - no change in total promoter shareholding, voting control, or company ownership. Shareholders should see no impact on stock price or governance, as the beneficial owners remain identical.