Announced Mon, 23 Jun · 12:08 IST

The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dinesh Ramprasad Poddar & Other

Promoter Below 50pctOwnership Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

BSE has received a Regulation 10(6) disclosure for Swasti Vinayaka Art and Heritage Corporation reporting transmission (inheritance) of shares following the demise of promoter Mrs. Pushpadevi Poddar, who held 52,69,439 shares (5.85% of the company). Her shares were distributed to two family members: Dinesh Ramprasad Poddar, whose holding rose from 16.27% (1,46,47,500 shares) to 19.20% (1,72,82,220 shares), and Rajesh Ramprasad Poddar, whose holding rose from 19.54% (1,75,87,462 shares) to 22.47% (2,02,22,181 shares). The transaction is exempt from the open offer requirement under Regulation 10(1)(g) of the Takeover Code as it is intra-family transmission, not a market purchase. The combined promoter group holding remains essentially unchanged at approximately 41.67%.

Likely market impact

This is a neutral event for retail shareholders - the overall promoter control and combined promoter stake in the company remain unchanged, with shares merely redistributed within the promoter family. No open offer is triggered, and there is no fresh capital raised or dilution, so the stock price is unlikely to be materially impacted by this disclosure.