The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(iii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Femina Infrastructures Private Limited, a promoter group entity of Shradha AI Technologies, has absorbed Zenith Commotrade Private Limited (another promoter group entity) through a scheme of merger approved by the Regional Director, MCA (Western Region) on 23 June 2025. As a result, the 28,92,315 shares (4.75% stake) held by Zenith Commotrade in Shradha AI Technologies have vested in Femina Infrastructures. Femina's holding in the company rose from 50,12,890 shares (8.22%) to 79,05,205 shares (12.97%), an increase of about 4.75 percentage points. The transaction was entirely share-based with no cash component, and the total promoter group holding remained unchanged at 74.66%. The acquisition qualifies for exemption under Regulation 10(1)(d)(iii) of SEBI Takeover Regulations, so no open offer is triggered. An application fee of ₹1,77,000 (including GST) was paid to SEBI.
This is purely an internal reshuffle within the promoter group and does not change the overall promoter holding (still 74.66%) or the ultimate control of the company. No open offer obligation is triggered, and existing shareholders face no dilution or change in promoter identity.