Rahul Gautam,�Mrs. Avantika Singh�has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Promoter Rahul Gautam and his daughter-in-law Avantika Singh will receive a total of 4,12,82,146 equity shares (37.98% of Sheela Foam) as gifts on or after 18th June 2025. Rahul Gautam will receive 35.98% — 27.46% from his son Tushaar Gautam and 8.52% from his wife Namita Gautam. Avantika Singh (Tushaar's wife) will receive 2.00% from Tushaar Gautam. After the transfer, Rahul Gautam's holding rises from 11.58% to 47.56%, while Tushaar Gautam's falls from 31.46% to 2.00%. The deal is priced at nil as it is an inter-se gift among immediate relatives, exempted under Regulation 10(1)(a)(i), so no open offer is triggered. The total promoter group holding remains unchanged — this is purely a family succession reshuffle.
No cash transaction, no dilution, and no open offer obligation — the shareholding pattern stays the same at the promoter-group level. Rahul Gautam emerges as the single largest holder at 47.56%, signalling clear succession control. Shareholders should view this as neutral to mildly positive for governance clarity, though minority investors should note that decision-making power is now concentrated in one promoter.