The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Mrs. Pinky Rungta, a promoter of Zenith Fibres Ltd, will acquire up to 2,41,600 equity shares (6.12% of total share capital) from two promoter group entities — Alpha Stitch-Art Pvt. Ltd. (up to 2,01,600 shares / 5.11%) and Alpha Overseas International Pvt. Ltd. (up to 40,000 shares / 1.01%). The acquisition is an inter-se transfer within the promoter/promoter group, meaning the overall promoter group holding stays the same but Pinky Rungta's personal stake rises from 25.47% to 31.59%. The price is capped at 25% above the 60-day VWAP of Rs. 73.26 on BSE. Total promoter group holding moves from 26.11% to 32.23%. The transaction is exempt from making an open offer under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations.
This is an internal reshuffle within the promoter family and does not change total promoter ownership. Pinky Rungta emerges as the dominant individual shareholder, which signals consolidation of control within the family but is unlikely to materially affect the stock price.