The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devappa Devaraj & Others
SANSERA · price
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Awaiting price reaction for this filing.
Mr. Devappa Devaraj, a promoter of Sansera Engineering Limited, transferred 20,00,000 shares (3.23% of total equity) to three members of the promoter group via an inter-se transfer on 17 September 2025. The shares went to his wife Mrs. Bhagyalakshmi (5,00,000 shares), and his daughters Ms. Niveditha Devaraj (7,50,000 shares) and Ms. Namitha Devaraj (7,50,000 shares). After the transfer, Mr. Devappa Devaraj's holding dropped from 3.51% (21,76,374 shares) to 0.28% (1,76,374 shares), while the three recipients collectively hold 3.23%. The total promoter and promoter group holding remains unchanged at 30.34% (1,87,92,811 shares). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
This is a reshuffling of shares within the promoter family with no change in total promoter ownership or control of the company, so it is largely a neutral event for shareholders. It appears to be a wealth distribution or succession planning move to the next generation.