Announced Wed, 8 Apr · 12:33 IST

Arvinder Singh Pasricha has informed the Exchange about withdrawal of its disclosures submitted under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011<BR>

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Price reaction · full curve 14 horizons · vs prior close
+20.4%1-day move
₹106.40
prior close
₹117.80
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AI summary

Mr. Arvinder Singh Pasricha (Acquirer) has withdrawn a voluntary disclosure submitted under Regulation 10(5) of SEBI SAST Regulations. The disclosure was about the proposed acquisition of 3,00,000 equity shares (3.14% of share capital) from Mrs. Aman Pasricha Balsara. The acquirer clarified that the acquisition falls within the permissible 5% limit under Regulation 3(2) and does not trigger any open offer obligation. The acquirer had already made an open offer during FY 2025-26, and this acquisition is independent and within limits. Both parties have complied with Regulation 29(2) disclosure requirements.

Likely market impact

No material impact on shareholders as the acquisition is within permissible limits and does not trigger any open offer. The withdrawal merely corrects a procedural filing where the acquirer unnecessarily claimed exemption under Regulation 10.