The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tapovan Paper & Board Mills Ltd
Awaiting price reaction for this filing.
Techindia Nirman Ltd's promoter group is undergoing an internal restructuring through a Scheme of Arrangement and Amalgamation sanctioned by NCLT Mumbai on November 26, 2025. Three transferor companies — Nath Securities Ltd, Paresh Farms Pvt Ltd, and Prabha Farms Pvt Ltd — are merging into Tapovan Paper and Board Mills Ltd (the transferee company). As a result, 3,78,486 equity shares of Techindia Nirman (2.64% of paid-up capital) held by these three transferor companies will be transferred to Tapovan Paper and Board Mills Ltd. The aggregate promoter and promoter group shareholding in Techindia Nirman remains unchanged at 17.52% (25,10,173 shares) before and after the transfer, since this is purely an inter-se transfer within the existing promoter group.
This is an internal housekeeping exercise within the promoter group with no impact on total promoter shareholding or control of the company, so there is no open offer obligation and no material impact on retail shareholders or the stock price.