The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
SIYSIL · price
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Siyaram Silk Mills has informed the exchanges about an inter-se transfer of 10,28,500 equity shares (2.27% of share capital) by way of gift from Shri Shrikishan D. Poddar (transferor) to five promoter family members — Ramesh Kumar Poddar, Avnish Poddar, Gaurav Poddar, Anurag Poddar, and Ankit Poddar. The transfer is scheduled to be executed on or after 08th June 2026. No consideration is involved as it is a gift, and the acquirers are exempted from making an open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. Each of the five acquirers' stakes will rise from around 3.84–4.68% to 4.34–5.19%, while Shrikishan Poddar's stake will drop from 2.27% to nearly zero. Total promoter and promoter group shareholding remains unchanged at 67.44% before and after the transfer.
This is purely an internal family restructuring within the promoter group via gift, with no change in aggregate promoter holding or any cash transaction. No material impact is expected on the stock price or minority shareholders; it is a neutral, housekeeping disclosure.