The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Radhika Securities Private Limited, part of the Promoter Group, acquired 616,732 equity shares (10.32% of share capital) from Ganesha Securities Private Limited, another Promoter Group entity. The transfer was made without consideration pursuant to a Scheme of Amalgamation approved by the Regional Director (Northern Region) on February 14, 2025, under which Ganesha Securities is merging into Radhika Securities. As a result, Radhika Securities' individual holding in the company rises from 14.20% (848,583 shares) to 24.52% (1,465,315 shares). The aggregate promoter and promoter group shareholding in the company remains unchanged, as both entities belong to the same promoter group. The transaction is exempt from an open offer under Regulation 10(1)(a)(i) and (ii) of SEBI Takeover Regulations.
This is an internal promoter-group restructuring with no change in total promoter ownership, so there is no material impact on minority shareholders or the stock price. Shareholders should note that the controlling entities are being consolidated through a court-approved amalgamation scheme.