Arun Kumar Saraf has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
RHL · price
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Promoter Arun Kumar Saraf has filed a prior intimation to acquire 20,26,520 equity shares (11.72% of share capital) of Robust Hotels Limited from Mrs. Ratna Saraf by way of gift. The transfer is an inter-se transfer among immediate relatives under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations, at nil consideration, to be completed on or before March 31, 2026. As a result, Arun Kumar Saraf's personal stake will rise sharply from 0.08% to 11.80%, while Mrs. Ratna Saraf's holding will drop from 23.44% to 11.72%. The total promoter group holding remains unchanged at approximately 65.63%, as the shares are merely being reallocated within the family.
This is a non-cash internal reshuffle among promoter family members with no change in total promoter control, so the company's ownership structure stays intact. No open offer obligation is triggered as the gift-based inter-se transfer qualifies for an exemption under Regulation 10(1)(a)(i). Largely neutral for shareholders and the stock price.