The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for M. Manickam

Promoter Stake BuyPromoter Stake Sell 1pctOwnership Changes View source PDF

SAKHTISUG · price

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Price reaction · full curve 14 horizons · vs prior close

-1.8%1-day move

₹19.62

prior close

₹20.18

base price

After-mkt

timing

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-0.7-1.0-0.7-0.1-1.8-4.2-3.2-8.6-6.5-10.1-7.0-10.4-12.8—

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AI summary

Promoter M. Manickam acquired 1,68,60,000 equity shares (14.18% of diluted share capital) of Sakthi Sugars Ltd from ABT Investments (India) Private Limited, another promoter group company. The acquisition was completed on 4th May 2026 at Rs.15.96 per share, totaling Rs.26.90 crore. This was an inter se transfer between promoter group entities, exempted under Regulation 10(1)(a)(ii) of SEBI Takeover Code. After the transaction, M. Manickam's holding increased from 1.61% to 15.79%, while ABT Investments' holding reduced from 55.93% to 41.75%.

Likely market impact

This is a consolidation of promoter holdings within the promoter group, not an external acquisition. It increases M. Manickam's direct stake significantly while reducing ABT Investments' direct stake. The combined promoter holding remains largely unchanged as it is an internal transfer.