The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Altius Buildcon Pvt Ltd
SHEKHAWATI · price
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On the reaction day the stock moved 4.1 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Altius Buildcon Private Limited, a promoter group entity of Shekhawati Industries Ltd, sold 15,24,920 equity shares (4.42% of total capital) to SKI Buildcon Private Limited via inter-se transfer during 18th–19th May 2026. After the sale, Altius Buildcon's holding dropped from 4.42% to effectively 0% (holding just 5 shares). SKI Buildcon's stake increased from 13.46% to 17.84%. The total promoter group holding decreased marginally from 64.12% to 64.08%, remaining firmly above 50%, so control remains unaffected.
The transaction is an intra-promoter group transfer and has no material impact on control or stock price, as the overall promoter holding barely changed. However, the near-complete exit of Altius Buildcon from the cap table may attract attention regarding future share reclassification.