Tiruvallur Thatai Lakshman 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
TTKPRESTIG · price
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Tiruvallur Thatai Lakshman, a member of the promoter group, has acquired 10,80,623 shares (0.79% of total share capital) of TTK Prestige Limited through transmission following the death of promoter Late Thiruvallur Thattai Jagannathan. The acquirer's personal holding increased from 29,30,882 shares (2.14%) to 40,11,505 shares (2.93%). The transaction qualifies for an exemption under Regulation 10(1)(g) of SEBI SAST Regulations, and no purchase price applies since this is a transmission. The aggregate promoter and promoter group shareholding remains unchanged before and after the transaction.
This is a routine family transmission event with no impact on the total promoter group shareholding or control of the company. Shareholders should view this as a neutral, administrative change and not expect any material effect on the stock price.