The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suresh Shahra HUF
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Suresh Chandra Shahra HUF, a Promoter entity, has transferred 2,10,000 equity shares (2.26% of total capital) to Mr. Manish Shahra, also a Promoter of the company. The transfer was executed on 25th March 2026 due to the dissolution of the HUF entity. Post-transfer, the HUF holding reduced from 2,80,000 shares (3.01%) to 70,000 shares (0.75%). The total share capital of the company is Rs. 9,29,18,000 comprising 92,91,800 equity shares of Rs. 10 each, listed on BSE. Remaining shares are stated to be under process of transfer.
This is an intra-promoter group transfer following HUF dissolution. While the HUF's holding has reduced significantly, the shares have moved to another promoter (Mr. Manish Shahra), so there is no change in the aggregate promoter stake. No immediate impact on stock price expected.