The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hanuman Freight & Carriers Pvt Ltd
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Hanuman Freight & Carriers Pvt Ltd has acquired 2,14,357 shares (1.79%) of Remi Edelstahl Tubulars Ltd pursuant to a Scheme of Amalgamation approved by NCLT, Mumbai. These shares were earlier held by Hanuman Forging and Engineering Pvt Ltd (transferor company), which merged into Hanuman Freight (transferee company). As a result of the merger, Hanuman Freight has become part of the promoter group, and the promoters of Remi Edelstahl now hold 99.25% in the transferee entity. Promoter group aggregate holding in Remi Edelstahl stands at 86,83,909 shares (72.697%), up marginally from 70.90% earlier. The share capital remains unchanged at Rs. 11.94 crore (1.19 crore equity shares of Rs. 10 each). The transaction is purely an internal promoter-group restructuring with no change in ultimate beneficial control.
This is a corporate restructuring event within the promoter group and not an open-market transaction, so there is no material impact on shareholders or stock price. Promoter control remains unchanged; only the holding entity has shifted due to the merger.