The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ajay Surendra Savai
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Ajay Surendra Savai, a promoter of S&T Corporation Ltd, received 41,90,080 equity shares (13.16% of paid-up capital) from his late father Shri Surendra Savai through transmission on March 9, 2026. His individual holding rose from 11.56% (36,79,988 shares) to 24.72% (78,70,068 shares). The company's total promoter shareholding remains unchanged, as the shares were transferred within the promoter family. The disclosure under SEBI SAST Regulations 29(1) & 29(2) was filed on March 27, 2026, with a request to condone the delay in filing.
This is a routine family transmission event, not a market purchase, so it is neutral for the stock price. Total promoter ownership remains the same, meaning no change in control or voting power at the promoter-group level.