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, 2011 for Krupa
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 3.2 pts less than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ms. Krupa, daughter of promoter Mr. Parasmal Mahendra Kumar, is set to receive 4,65,000 shares (2.39% of share capital) of Swashthik Plascon Ltd as a gift from her father under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations. No consideration is involved in this inter-se promoter transfer. Post-transaction, Mr. Parasmal's holding will reduce from 5.98% (11,63,978 shares) to 3.59% (6,98,978 shares), while Ms. Krupa's holding will move from zero to 2.39%. Both parties qualify as promoters, with Ms. Krupa being part of the promoter group for at least three years. The transaction is exempt from the open offer requirement as it is a transfer within the promoter family.
This is an internal reshuffling of shares within the promoter family with no change in total promoter group ownership, so it is largely neutral for shareholders. No cash flows in or out of the company, and the open offer exemption means no immediate dilution risk for public shareholders.