The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alpha Stitch Art Pvt Ltd
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Alpha Stitch-Art Pvt Ltd, part of the promoter group of Zenith Fibres Ltd, sold 2,01,500 equity shares (5.11% of total share capital) on June 19, 2025. The shares were sold by way of an inter-se transfer to Mrs. Pinky Rungta, another member of the Promoter and Promoter Group, for a total consideration of Rs. 3,94,41,360 (approximately Rs. 3.94 crore). Following this transfer, Alpha Stitch-Art's holding in the company reduced from 6,51,600 shares (16.52%) to 4,50,100 shares (11.41%). Since this is an inter-se transfer within the promoter group, the overall aggregate promoter group holding in Zenith Fibres remains unchanged.
This is not a sale to the open market but a reshuffling of shares within the promoter family/group, so there is no impact on the promoter group's combined shareholding or on minority shareholders. The stock price is unlikely to be affected as no shares have been offloaded to the public.