The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Riaan Ventures Private Limited, part of the promoter group of Shradha AI Technologies, acquired 25,99,555 equity shares (4.26% of share capital) from another promoter group entity, SGR Holdings Private Limited, at Rs. 38 per share on December 11, 2025. Post this inter-se transfer, Riaan Ventures' stake rose from 4.35% (26,50,900 shares) to 8.61% (52,50,455 shares), while SGR Holdings' entire 4.26% holding was reduced to nil. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(ii) as both entities are named promoters for over three years and the price (Rs. 38) is within the allowed 25% premium over the 60-day VWAP of Rs. 38.46 (max permitted price Rs. 48.07). Total promoter group holding remains unchanged at approximately 74.66% since it is only an internal reshuffle within the promoter group.
No material impact on overall promoter holding or stock price expected, as this is an internal reshuffle between two promoter group entities and is fully exempt from the open offer requirement. Investors should note that the acquisition price is well within the regulatory ceiling set by SEBI.