Mr. Rashid Ahmed Mirza submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011
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Mr. Rashid Ahmed Mirza, a member of the promoter group of Redtape Limited, has filed a disclosure with the stock exchange under Regulation 10(6) of SEBI (SAST) Regulations, 2011. This regulation requires reporting of share acquisitions made under the exemptions provided in Regulation 10, which generally cover inter se transfers within promoter groups or certain preferential allotments. The specific details of the acquisition — such as number of shares, price, and whether it is a buy or transfer — are not disclosed in the headline itself.
This is a routine regulatory disclosure and does not signal any change in overall promoter control of Redtape. Shareholders should look at the attached disclosure document for the actual transaction details before drawing any conclusions about promoter stake movement.