The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhu Agarwalla
Awaiting price reaction for this filing.
Promoter Madhu Agarwalla transferred 56,992 shares (0.71% of total share capital of 80,18,750 shares) to Mr. Devendra Kumar Agarwalla by way of gift on March 30, 2026. Following this transfer, Madhu Agarwalla's holding reduced to zero. This is an inter-se transfer between promoters, likely within the family (both share the Agarwalla surname). The transaction has no open market or commercial consideration as it is a gift. BSE has received the disclosure under SAST Regulation 29(2) as required for substantial acquisitions.
Madhu Agarwalla has completely exited her promoter holding in the company through this gift transfer. Devendra Kumar Agarwalla's shareholding increases accordingly. Since this is a family-level asset transfer via gift with no change in total promoter group holding (only a reshuffling), the impact on the stock is negligible.