The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Takhatmal Mehta
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Awaiting price reaction for this filing.
Takhatmal Mehta, part of the promoter group of Tirupati Foam Ltd, acquired 7,500 equity shares (0.17% of share capital) through inheritance/transmission from his late wife Smt. Kamla Mehta, who was also part of the promoter group. Before this, he held 17,500 shares (0.40%), and after the transfer, his holding rises to 25,000 shares (0.57%). The mode of acquisition is inheritance, not a market purchase or sale. This is an internal reshuffle within the promoter family and does not change the total promoter group shareholding in the company.
No material impact on shareholders — this is simply a transfer of shares within the promoter family due to the demise of a promoter group member. The overall promoter group stake and the stock's float remain unchanged, so this should not affect the share price.