The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veqarul Amin & Rumana Amin
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Awaiting price reaction for this filing.
Promoters Veqarul Amin and Rumana Amin have transferred their entire combined holding of 2,05,17,300 equity shares (19.00% of total share capital) to other members of the promoter group via an inter-se gift transfer on 28th and 29th March 2025. The recipients include Iftikharul Amin, Tanveerul Amin, Farah Fatima, Ismat Iqbal, Mubashirul Amin, and Umairul Amin, who are all part of the promoter family. Veqarul Amin's stake went from 16.56% to nil, and Rumana Amin's stake went from 2.44% to nil. The total promoter group holding remains unchanged at 58.42%, as this is a reallocation within the promoter family with no change in overall promoter ownership.
No change in total promoter shareholding (stays at 58.42%), so there is no impact on the public shareholders' stake or voting power. This is essentially a family reshuffle of shares with no open market transaction, so the stock price is unlikely to be affected.