Maharaja Shree Umaid Mills Limited 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.
PKTEA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Maharaja Shree Umaid Mills Limited (MSUM) acquired 12,20,606 equity shares (39.4268%) of The Peria Karamalai Tea & Produce Company Limited on April 25, 2026. The acquisition was done through a Scheme of Amalgamation where 20 transferor companies (including Placid Limited which held the 39.4268% stake) were merged into MSUM. The scheme was approved by NCLT Kolkata Bench on March 16, 2026. MSUM's total holding in PKTEA increased from 3.92% to 43.34% post-transaction. The filing clarifies that since this was a transfer amongst existing promoter group members, there is no change in aggregate promoter group shareholding, and MSUM is exempt from making an open offer under Regulation 10(1)(d)(iii) of SEBI SAST Regulations.
The stake acquisition does not trigger an open offer as it is exempt under SEBI regulations due to intra-promoter group transfer. Shareholders should note that control dynamics remain unchanged despite the large transfer of shares through the amalgamation route.