Afcom Holdings Limited has submitted a regulatory disclosure to BSE Limited regarding a proposed inter-se transfer of equity shares among its promoters. The disclosure is made pursuant to Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Nature of the Event

Promoter Ms. Manjula Annamalai proposes to acquire 10,43,766 equity shares from another promoter, Wg. Cdr. Jaganmohan Manthena (Retd.), through an off-market transfer. The transaction is scheduled for October 28, 2026.

Transaction Details

  • Number of shares: 10,43,766 equity shares (Ten Lakh Forty-Three Thousand Seven Hundred and Sixty-Six)
  • Price per share: ₹800
  • Transaction type: Off-market inter-se transfer among promoters
  • Rationale: Inter-se transfer among promoter/promoter group

Regulatory Exemption

The transaction is being undertaken under the exemption provided in Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, subject to fulfillment of applicable conditions.

Market Price Reference

The 60-day volume weighted average market price of the company's shares is ₹1,450.07, as traded on the stock exchange where maximum trading volume was recorded. The acquirer has declared that the acquisition price of ₹800 will not be higher by more than 25% of this computed price.

Shareholding Impact

Pre-transaction holdings:

  • Manjula Annamalai (acquirer): 42,91,161 shares (14.84% of total share capital)
  • Jaganmohan Manthena (seller): 12,91,183 shares (4.47% of total share capital)

Post-transaction holdings:

  • Manjula Annamalai: 53,34,927 shares (18.45% of total share capital)
  • Jaganmohan Manthena: 2,47,417 shares (0.86% of total share capital)

The aggregate shareholding of the promoter and promoter group will remain unchanged following this transfer.

Declarations and Compliance

The acquirer and transferor have declared compliance with:

  • All conditions specified under Regulation 10(1)(a) for exemptions
  • Applicable disclosure requirements under Chapter V of the SEBI Takeover Regulations, 2011
  • The acquisition price not exceeding 25% above the computed market price

Submission Details

The intimation was submitted to BSE Limited's Listing Compliance Department by Maran Ajith Kumar, Company Secretary and Compliance Officer of Afcom Holdings Limited, on October 21, 2026. The disclosure includes Form 11C as required under Regulation 10(5) of the Takeover Regulations.