Lakshana Amit Sharma has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
SMARTLINK · price
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Awaiting price reaction for this filing.
Lakshana Amit Sharma has submitted to the stock exchange a report under Regulation 10(6) of the SEBI (Substantial Acquisition and Shares Takeover) Regulations, 2011. This disclosure relates to an acquisition made by relying on the exemption provided under Regulation 10, which typically covers inter se transfers among promoters or promoter group entities that are exempt from the open offer requirement. The exact size, direction (buy or sell), and percentage of the acquisition are not specified in the filing text provided. Smartlink Holdings is the promoter holding entity of the Smartlink group.
This is a routine compliance filing related to internal share movement within the promoter/promoter-group, usually an inter se transfer. There is no immediate material impact on the stock price, though shareholders may want to watch for any shift in promoter shareholding concentration that could approach regulatory thresholds.