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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Takhatmal Mehta, a member of the Promoter Group of Tirupati Foam Ltd, has acquired 7,500 equity shares (0.17% of total capital) through inheritance/transmission following the death of his wife Smt. Kamla Mehta. His total holding has increased from 17,500 shares (0.40%) to 25,000 shares (0.57%). The total share capital of the company stands at 44,07,000 equity shares of Rs. 10 each (Rs. 4.40 crore). The shares are listed on BSE. This is not a market transaction but an internal promoter group transfer triggered by inheritance.
This is a routine transmission of shares within the promoter family due to inheritance and does not involve any open-market buying or selling. There is no material impact on share price or shareholder value as the stake movement is negligible (0.17%) and purely a family-level event.