BSESuper Tannery LtdHighNeutral
Announced Wed, 2 Apr · 12:06 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veqarul Amin & Others

Promoter Stake Sell 1pctOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Veqarul Amin and Rumana Amin, both members of the promoter group of Super Tannery Ltd, disposed of their entire combined holding of 2,05,17,300 equity shares (19.00% of the company) on March 28-29, 2025 by way of gift to six other promoter group members. This was an inter-se transfer under Regulation 10(1)(a)(i) of SEBI Takeover Regulations. The largest recipient was Ismat Iqbal who received 7.45%, followed by Iftikharul Amin (5.70% combined from both sellers), Mubashirul Amin (1.02%), Umairul Amin (1.02%), Tanveerul Amin (1.90%), and Farah Fatima (1.90%). After the transfer, Veqarul Amin and Rumana Amin hold zero shares. The total promoter group holding remains unchanged at 58.42% (6,30,77,723 shares) both before and after the transaction.

Likely market impact

This is purely an internal family/promoter group restructuring with no change in overall promoter ownership, no cash consideration, and no impact on minority shareholders or the stock price. No open-market selling took place.