The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alpha Overseas International Pvt Ltd
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Awaiting price reaction for this filing.
Alpha Overseas International Pvt Ltd, part of the promoter group of Zenith Fibres Ltd, sold 50,000 equity shares (1.26% of total equity capital) on June 19, 2025. Of these, 40,000 shares (1.01%) were transferred to Mrs. Pinky Rungta as an inter-se transfer within the promoter/promoter group, while 10,000 shares (0.25%) were sold in the open market. Post-transaction, Alpha Overseas's holding in Zenith Fibres reduced from 1,66,700 shares (4.23%) to 1,16,700 shares (2.97%).
This is a minor reduction in promoter group stake, with most of the sale being an internal reshuffle (inter-se transfer) within the promoter family. The 10,000-share open market sale is too small to materially affect share price. Shareholders should note that the broader promoter group's consolidated holding needs to be assessed for any meaningful change in control.