Bhupinder Kumar Sekhri has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Bhupinder Kumar Sekhri has informed the exchanges about a proposed acquisition of up to 86,15,862 equity shares (47.82% of the company's share capital) from six family members who are part of the promoter/promoter group, including Shobha Sekhri, Aarti Sekhri, Puja Sekhri, Arnav Sekhri, Krishnav Sekhri, and Aditya Brij Sekhri. The shares are being transferred as a gift at nil consideration, as an inter-se transfer within the promoter family, exempt under Regulation 10(1)(a)(i) & (ii) of SEBI SAST Regulations. As a result, Bhupinder Kumar Sekhri's personal stake will rise sharply from 2.25% to 50.07%, while the sellers' stakes will reduce significantly, though the total promoter group holding remains unchanged. The 60-day volume-weighted average market price was Rs. 881.63 per share, and the transaction is expected to be completed on or before September 30, 2025.
This is essentially a reshuffling of shares within the promoter family and does not change the total promoter holding in the company, so there is no direct impact on the stock price or minority shareholders. However, it concentrates voting control with Bhupinder Kumar Sekhri, who will now hold a majority stake individually, which could be relevant for future corporate decisions.