L.N. Agarwal (Family Trust) has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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L.N. Agarwal (Family Trust), part of the promoter group of Suryalakshmi Cotton Mills, has filed a disclosure with the exchange under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation applies when shares are transferred between promoter group entities (inter se transfers) and exempts such transactions from the open offer requirement. The filing itself does not change the total promoter holding in the company but reflects a reshuffling of shares within the promoter family entities. No specific buy or sell percentage is mentioned in the headline.
This is a routine inter se transfer disclosure within the promoter group and is unlikely to impact the total promoter shareholding or stock price, though it signals internal restructuring of promoter holdings.