Disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI(SAST) Regulations, 2011.
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Promoter group member G Ganesh Kumar will acquire 1,880 equity shares (0.02% of paid-up capital) of Tyche Industries from fellow promoters G Rama Raju (280 shares) and G Vijaya Kumari (1,600 shares) through an off-market gift with no consideration. The transaction is an inter-se transfer within the promoter family under SEBI SAST Regulation 10(1)(a)(ii), making it exempt from the open offer requirement. G Ganesh Kumar's stake rises marginally from 5.41% to 5.42%, while the two sellers will move to zero shares. The total promoter group holding remains unchanged before and after the transfer. The rationale cited is a private family arrangement to streamline family assets.
This is a routine internal reshuffle of shares within the promoter family with no change in total promoter ownership and no cash involved, so it is unlikely to have any material impact on the stock price or minority shareholders. The tiny 0.02% shift between family members does not affect the company's control or public float.