Paresh Zaveri 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.
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Paresh Zaveri has filed a disclosure with the stock exchange under Regulation 10(6) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This regulation requires reporting of acquisitions made by relying on the exemptions provided under Regulation 10. The full details of the acquisition, including the number of shares and price, are contained in the attached disclosure document. Regulation 10 generally covers exemptions such as creeping acquisitions and inter se transfers among promoter group members. Without the detailed annexure, the exact nature and size of this transaction cannot be determined from the headline alone.
This is a routine regulatory disclosure and does not, by itself, indicate a major change in ownership. Shareholders should review the attached detailed disclosure to understand whether this involves a promoter group share transfer or a creeping acquisition, as that would clarify the implications for shareholding structure.