The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Sarvamangal Mercantile Company Ltd has informed the stock exchange about a proposed inter-se transfer of 25,000 equity shares (10.24% of share capital) among promoter group members, dated September 1, 2025. The acquirers — Vandana Somani, Varun Somani, and persons acting in concert (Parijat Shipping and Finale Ltd, Meenul Metalizing Pvt. Ltd, Surendra Somani, Vrinda Somani) — will buy shares from 10 sellers (Susheel Somani & Co., various Somani family members and HUFs). Two of the buyers will pay Rs 52.50 per share, while the remaining 8 transfers are gifts without consideration. The rationale given is to resolve ongoing family disputes, settle partition inequalities, and avoid litigation. As a result, the acquirer group's combined holding will rise from 50.76% to 61.00% of the company. The transaction qualifies for an exemption from open offer under Regulation 10(1)(a)(ii) as it is an inter-se promoter transfer.
This is a reshuffling of shares within the promoter family and not a fresh market purchase, so there is no immediate impact on the stock price. However, it consolidates control with Vandana Somani and Varun Somani, who together with PACs will hold 61% post-transaction, making the company more closely held by one branch of the family.