The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 Iftikharul Amin & Others
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Six members of the promoter group of Super Tannery Ltd (Iftikharul Amin, Tanveerul Amin, Farah Fatima, Ismat Iqbal, Mubashirul Amin, and Umairul Amin) acquired a total of 2,05,17,300 equity shares (19% of share capital) from fellow promoters Veqarul Amin (16.56%) and Rumana Amin (2.44%) on March 28-29, 2025. The transfer was by way of gift, so no consideration was paid. The transaction was carried out under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, which exempts inter se promoter transfers from the open offer requirement. Post-transaction, the acquiring promoter group collectively holds 46.75% of the company, while the sellers (Veqarul Amin and Rumana Amin) have exited entirely to nil holding.
Since this is a non-cash gift among members of the same promoter family, the total promoter shareholding in the company remains unchanged — only the distribution within the family has shifted. There is no direct impact on minority shareholders or stock price, but the acquiring promoter group now sits at 46.75%, just below the 50% threshold which could become relevant in future control-related decisions.