The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sameer Gupta
SGMART · price
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Mr. Sameer Gupta acquired 4,42,00,000 equity shares (35.08%) of SG Mart Ltd by way of gift from immediate relatives - 3,28,00,000 shares from Mr. Dhruv Gupta (his son) and 1,14,00,000 shares from Mrs. Meenakshi Gupta (his wife). The transfer was exempt under Regulation 10(1)(a)(i) of SAST Regulations as it involved immediate relatives. No consideration was involved as shares were transferred by gift. Post-transaction, Mr. Sameer Gupta holds 35.08% as a promoter, Mr. Dhruv Gupta's holding reduced from 27.22% to 1.19%, and Mrs. Meenakshi Gupta's holding reduced from 9.05% to nil. There is no change in the total promoter group shareholding.
This is an intra-family restructuring of promoter holdings with no impact on the total promoter group stake or on public shareholders. The stock price is unlikely to be affected as no new shares were issued and the transfer is between existing promoters.