Sakthi Sugars Limited 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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M. Manickam, a Promoter of Sakthi Sugars Limited, acquired 1,68,60,000 equity shares (14.18% of diluted share capital) from ABT Investments (India) Private Limited, a Promoter Group company. The acquisition was done on 4th May 2026 at Rs. 15.96 per share, totaling Rs. 26.90 crore. This was an inter se transfer amongst Promoter and Promoter Group Companies under exemption provided under Regulation 10(1)(a)(ii) of SEBI Takeover Code. M. Manickam's holding increased from 1.61% to 15.79%, while ABT Investments' holding reduced from 4.70% to 3.51%. The required disclosures under Regulation 10(5) were filed on 17.04.2026 within the specified timeline.
This represents consolidation of promoter holdings within the promoter group. M. Manickam's stake increased significantly from 1.61% to 15.79%, indicating internal restructuring of promoter shareholding. Such inter se transfers are exempt from open offer requirements under SEBI regulations.