The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(d)(iii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Shradha AI Technologies has disclosed a change in promoter group shareholding due to an internal merger within the promoter group. Zenith Commotrade Private Limited (transferor) has merged into Femina Infrastructures Private Limited (transferee), both promoter group entities, under a scheme approved by the Regional Director, Ministry of Corporate Affairs, Mumbai on 23rd June 2025 under Section 233 of the Companies Act, 2013. As a result, the 28,92,315 shares (4.75%) of Shradha AI Technologies held by Zenith Commotrade now vest in Femina Infrastructures. Femina's stake in Shradha AI rises from 8.22% (50,12,890 shares) to 12.97% (79,05,205 shares). The total promoter group holding remains unchanged at 74.66% of the paid-up capital. No cash consideration was involved, only an all-share swap. The acquisition qualifies for exemption from open offer under Regulation 10(1)(d)(iii) of SEBI Takeover Regulations, as the same set of shareholders control Femina both before and after the merger.
This is a purely internal promoter group restructuring with no change in ultimate control or total promoter holding in Shradha AI Technologies. Public shareholders are unaffected, no open offer is triggered, and there should be no material impact on the stock price.