The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Krupa
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Krupa, daughter of promoter Mahendra Kumar P and a member of the promoter group, acquired 4,65,000 equity shares of Swashthik Plascon Ltd (Scrip Code: 544035) by way of gift without any consideration. The transaction represents 2.39% of the diluted share capital and is an inter-se transfer within the promoter group, making it exempt from the open offer requirement. Post-transaction, Krupa holds 4,65,000 shares (2.39%), while Mahendra Kumar P's holding reduced from 11,63,978 shares (5.98%) to 6,98,978 shares (3.59%). The disclosure under Regulation 10(5) was filed with BSE on 18 March 2026, and the Regulation 10(6) report was submitted on 30 March 2026.
This is a non-cash, internal reshuffle within the promoter family and does not change the total promoter group holding in the company. Since no consideration was paid, there is no material impact on the stock price, but retail investors should note the redistribution of stakes within the promoter family.