The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalyan Srinivas Annam & PACs
KALAMANDIR · price
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Awaiting price reaction for this filing.
Promoter group member Kalyan Srinivas Annam transferred 87,50,000 equity shares (5.71% of total capital) of Sai Silks (Kalamandir) to SSKL Family Trust via off-market route at nil consideration on June 19, 2025. After this transfer, Annam's individual holding in the company has dropped to zero. Crucially, the filing itself clarifies this is NOT an acquisition or sale under SEBI Takeover Regulations because both parties belong to the promoter/promoter group — the overall promoter group shareholding in the company remains unchanged. The disclosure is being made voluntarily for transparency. The equity share capital stays the same at ₹30.67 crore divided into 15.33 crore shares of ₹2 each.
This is an internal promoter group restructuring, not a genuine sale, so there should be no impact on stock price or overall promoter control of the company. Shareholders should note that promoter entities are reorganising holdings through a family trust, which is a common estate/succession planning move.