Jyotsna Poddar has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011
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Jyotsna Poddar, part of the promoter group of Texmaco Rail & Engineering Limited, has filed a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing reports an acquisition of shares made by her under the exemption provisions of Regulation 10, which typically covers inter se transfers among promoter group members that are exempt from the open offer requirement. No specific details regarding the number of shares, price, or the counterparty have been provided in the headline.
Such inter se promoter group transfers are generally neutral for minority shareholders, as they represent reshuffling of holdings within the promoter family rather than a change in overall promoter control. Shareholders should watch for the detailed disclosure to confirm no change in total promoter shareholding.