Kabir Ghumman 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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Mr. Kabir Ghumman, a promoter of Shivalik Bimetal Controls, has filed a prior intimation to acquire 20,86,200 equity shares (3.62% of share capital) from Mr. Sumer Ghumman, also a member of the promoter group. The transfer is by way of gift, with no monetary consideration involved, as it qualifies as an inter-se transfer among immediate relatives under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations. Before the transaction, Mr. Kabir held just 300 shares (negligible) and Mr. Sumer held 41,73,000 shares (7.24%); after the transfer, both will hold 20,86,500 and 20,86,800 shares (3.62% each), respectively. Because it is an exempt gift transfer between immediate relatives, no open offer obligation is triggered.
This is a neutral, internal reshuffling of promoter-family holdings and involves no cash inflow or dilution for retail shareholders. Shareholding pattern within the promoter group remains the same, so the stock price is unlikely to be materially affected. The transfer does not change the company's fundamentals, free float, or promoter control.