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, ....
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Four promoter group entities — Mr. Sanjay Jayavarthanavelu, Ms. Shivali Jayavarthanavelu, M/s. Quattro Engineering India Pvt Ltd, and M/s. Revantha Services Pvt Ltd — plan to acquire 3,00,000 equity shares (9.77% of capital) from M/s. LMW Limited, another promoter group member. The shares will be transferred on or after 23 December 2025 at Rs. 725 per share. The transaction qualifies as an inter se transfer under Regulation 10(1)(a)(i), exempting it from open offer requirements. While individual promoter holdings will shift, the aggregate promoter and promoter group holding stays unchanged at 59.43% before and after the deal.
No change in total promoter ownership means there is no impact on the company's control or free float; this is essentially a reshuffle of shares within the promoter family and is unlikely to affect the stock price.