The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for M. Manickam
SAKHTISUG · price
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M. Manickam, a member of the Promoter Group of Sakthi Sugars Limited, acquired 1,68,60,000 equity shares (14.18% stake) on 4 May 2026 through an off-market inter-se transfer from ABT Investments (India) Private Limited, another promoter group entity. Prior to this acquisition, M. Manickam held 19,14,200 shares (1.61%). After the transaction, his holding increased to 1,87,74,200 shares (15.79%). The company has clarified that this transfer falls under the exemption provided under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, as it is an inter-se transfer among promoters. The aggregate promoter and promoter group holding remains unchanged.
This is an internal consolidation of promoter holdings with no change in total promoter group stake. The transaction has no direct impact on minority shareholders or free float, but indicates potential consolidation of promoter group shares under a single entity.