The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Doodeswara Kanaka Durgarao Chalavadi & PACs
KALAMANDIR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Doodeswara Kanaka Durgarao Chalavadi, part of the promoter group, transferred 57,78,955 equity shares (about 3.77% of total share capital) to M/s SSKL Family Trust, also a promoter group entity, on June 19, 2025. The transfer was an off-market deal with nil consideration, meaning no money changed hands. After the transfer, his individual holding dropped to zero, while his stake now sits within the family trust. The company clarified that this is an inter-se promoter group transfer, so total promoter group ownership of the company remains unchanged. This is a Reg 29(2) disclosure under SEBI Takeover Rules, filed as a matter of transparency.
Minimal impact for outside shareholders — promoter group holding stays the same, share capital is unchanged, and no cash flowed. This looks like internal family/succession restructuring rather than any change in control or dilution.