The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pushpadevi Poddar
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Awaiting price reaction for this filing.
Swasti Vinayaka Art and Heritage Corporation Ltd disclosed a change in promoter group holdings under SEBI's Takeover Regulations. Pushpadevi Poddar, a member of the promoter group, saw her holding go from 52,69,439 shares (5.85% of voting capital) to zero shares. The mode of transfer was 'Transmission,' which typically means the shares moved out of her name due to inheritance or succession rather than a market sale. The company's total equity share capital remains unchanged at ₹9 crore (9 crore shares of ₹1 each). The disclosure is signed by Dinesh Ramprasad Poddar, suggesting the shares were likely transmitted to another family member within the promoter group.
This is an internal promoter-family transmission event and not a market sale, so it is unlikely to impact the stock price. Shareholders should watch for any follow-up disclosure from Dinesh Ramprasad Poddar or other promoter group members to confirm where these shares have ultimately landed and whether overall promoter group holding has shifted.