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
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Awaiting price reaction for this filing.
Suryalakshmi Cotton Mills has disclosed an inter-se transfer of 11,94,000 equity shares (6.35% of share capital) among promoters under SEBI SAST Regulation 10(1)(a)(ii). Mr. Vedant Agarwal will transfer these shares by way of gift to M/s. L.N. Agarwal Family Trust on or after 25th November 2025, with no consideration involved. Post-transfer, Vedant Agarwal's holding will drop from 12.35% to 6.00%, while L.N. Agarwal Family Trust's stake will rise from 2.62% to 8.97%. The total promoter and promoter group holding remains unchanged at 60.93% before and after the transaction, so no open offer obligation is triggered.
This is a reshuffling of shares within the promoter family via gift and has no material impact on overall promoter control (still 60.93%) or on retail shareholders. No cash changes hands, so it is unlikely to move the stock price, though it concentrates more shares within the family trust vehicle.