The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sushma Chhajer & PACs
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Awaiting price reaction for this filing.
Typhoon Financial Services Ltd has informed the stock exchange about an internal transmission of shares under Regulation 10(1)(g) of SEBI Takeover Regulations, which exempts inheritance-related acquisitions from an open offer. The shares were transferred from the estate of Late Ashokkumar Chhajer to his heir Ms. Sushma Chhajer. As a result, Ms. Chhajer's individual stake rose from 9.18% (2,75,400 shares) to 12.28% (3,68,500 shares), while Late Ashokkumar Chhajer's holding fell to nil. The combined Promoter and Promoter Group shareholding remained unchanged at 66.91% (20,07,800 shares) — this is purely an internal family transfer, not a market purchase. The 7 persons acting in concert (HUF and group companies) continue to hold their existing stakes.
No impact on stock price expected — this is a non-event transmission of shares within the promoter family following a death, with no change in total promoter control. The company continues to have a firmly entrenched promoter group holding over two-thirds of the equity, which provides stability but also concentrates control.