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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Usman Faheed F, Managing Director of UF Group and existing promoter of SDC Techmedia Ltd, is acquiring 39,00,000 equity shares (60.07% of share capital) from fellow promoter Jose Charles Martin at ₹5.55 per share, with the deal to take effect on or after June 12, 2025. As a result of this inter-se promoter transfer, Usman Faheed's stake will rise sharply from 14.80% to 74.87%, while Jose Charles Martin will completely exit his 60.07% holding. The transaction is structured as an inter-se transfer under Regulation 10(1)(a)(i) of SEBI SAST Regulations and is exempt from triggering an open offer, with both parties confirming compliance with Chapter V disclosure norms.
This is a reshuffling within the promoter group rather than a new external acquisition — it consolidates control with one promoter who will hold nearly three-quarters of the company, which may reduce public float and could limit trading liquidity, but no open offer obligation or immediate price catalyst is expected.