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, ....
SURYALAXMI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Vedant Agarwal is gifting 11,94,000 equity shares (6.35% of share capital) of Suryalakshmi Cotton Mills to the L.N. Agarwal Family Trust, with the transaction to take place on or after 25th November 2025. As a result, Vedant Agarwal's individual holding will drop from 12.35% to 6.00%, while the Family Trust's stake will rise from 2.62% to 8.97%. The transfer is by way of a gift deed with no monetary consideration. The total promoter and promoter group holding remains unchanged at 60.93% before and after the transfer. This qualifies for an exemption from open offer requirements under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011.
This is purely an internal promoter family restructuring with no change in total promoter ownership, so it is neutral for existing shareholders. No open offer is triggered, and no cash flows in or out of the company. Investors should note the reshuffling of stakes within the Agarwal family but face no dilution or change in control.