Date: 06-11-2026
KMP / Board / Auditor Changes
Not Specified
Dividend Declaration or Non-Declaration
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Board Meeting Outcomes
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Financial Results (Standalone & Consolidated)
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Auditor’s Report
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Disinvestment / Strategic Actions
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Other Operational / Legal / Strategic Disclosures
Disclosure under SEBI Takeover Regulations
Axita Cotton Limited received a disclosure dated November 06, 2026, from Mrs. Gitaben Nitinbhai Patel, a member of the Promoter Group, pursuant to Regulation 10(5) read with Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Details of Proposed Acquisition
Acquirer: Mrs. Gitaben Nitinbhai Patel
Seller: Mr. Kushal Nitinbhai Patel
Number of Shares to be Acquired: 3,98,70,411 Equity Shares
Percentage of Share Capital: 10.42%
Proposed Date of Acquisition: Anytime after 4 working days from the date of intimation (06-11-2026)
Acquisition Price: NIL (Gift)
Rationale: Inter-se transfer among Promoter and Promoter Group being immediate relative.
Regulatory Exemption: The acquisition is exempt from making an open offer under the general exemption provided in Regulation 10(1)(a) of the SEBI SAST Regulations.
Shareholding Details
Before Proposed Transaction:
- Mrs. Gitaben Nitinbhai Patel: 1,27,58,065 shares (3.33%)
- Mr. Kushal Nitinbhai Patel: 3,98,70,411 shares (10.42%)
- Total Promoter Group Holding: 12,05,11,374 shares (31.49%)
After Proposed Transaction:
- Mrs. Gitaben Nitinbhai Patel: 5,26,28,476 shares (13.75%)
- Mr. Kushal Nitinbhai Patel: 0 shares (0.00%)
- Total Promoter Group Holding: 16,03,81,785 shares (41.91%)
Other Promoter Group Holdings (Unaffected by Transaction)
- Nitinbhai Govindbhai Patel: 10,13,87,413 shares (26.49%)
- Amitkumar Govindbhai Patel: 58,78,400 shares (1.54%)
- Pooja Kushal Patel: 3,99,460 shares (0.10%)
- Gitaben Amitbhai Patel: 88,000 shares (0.02%)
- Hemant Chandrakantbhai Patel: 18 shares (0.00%)
- Lilavati Chandrakant Patel: 18 shares (0.00%)
Declarations
The acquirer declared that:
- The transferor and transferee have complied with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011.
- All conditions specified under regulation 10(1)(a) for exemptions have been duly complied with.