M. Manickam has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
SAKHTISUG · price
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Promoter M. Manickam acquired 1,68,60,000 equity shares (14.18% of diluted share capital) of Sakthi Sugars Limited from ABT Investments (India) Private Limited, a Promoter Group company. The transaction was executed on May 4, 2026 at Rs.15.96 per share, totaling Rs.26.90 crore. This was an inter se transfer amongst Promoter and Promoter Group Companies, exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. Post-acquisition, M. Manickam's holding increased from 1.61% to 15.79%, consolidating promoter group shareholding.
This is an intra-group consolidation of promoter holdings with no change in aggregate promoter stake. The stock is unlikely to see direct impact from this transfer. However, it reflects restructuring within the promoter group which investors may monitor for future ownership changes.