Ananda Trust 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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Ananda Trust, a family trust represented by its trustee Ms. Avantika Sangla (part of the promoter group), has informed the stock exchanges about its plan to acquire 1,50,000 equity shares (0.51%) of Signet Industries Limited from Ms. Avantika Sangla herself by way of a gift (off-market transaction). The acquisition is expected to take place on or after 12th August 2025. SEBI has granted an exemption under Regulation 11(5) of the SAST Regulations, 2011, so no open offer is triggered. The document explicitly states that there will be no change in the overall shareholding pattern of the company before or after the transaction.
This is an internal restructuring within the promoter group — shares move from an individual promoter to a family trust controlled by the same person. The effective promoter holding of the company remains unchanged, so there is no material impact on shareholders or the stock price. The move is aimed at succession planning and protecting the family's interest in the company.