Disclosure under SEBI Takeover Regulations 29(1) and 29(2)
Details of the Acquisition
Acquirer: Asha Ashok Boob
Date of Acquisition: June 8, 2026
Number of Shares Acquired: 838,000 equity shares
Percentage of Paid-up Capital: 0.79%
Mode of Acquisition: Off-market inter-se transfer by way of a Gift, executed via a Gift Deed. No consideration was involved.
Type of Security Acquired: Equity shares of the company with a face value of Rs. 1/- each.
Shareholding Change
Pre-acquisition Holding (as of March 31, 2026):
- Shares carrying voting rights: 10,198,392
- Percentage of total share/voting capital: 9.60%
Post-acquisition Holding:
- Shares carrying voting rights: 11,036,392
- Percentage of total share/voting capital: 10.38%
This represents an increase in holding from 9.60% to 10.38%.
Future Planned Transaction
The disclosure notes that Asha Ashok Boob is in the process of another inter-se transfer. She proposes to gift 10,100,000 shares, representing 9.50% of the paid-up share capital, to AAB Business Trust (a Promoter Group entity).
Upon completion of this future gift, her final shareholding is stated to become 936,392 shares, representing 0.88% of the total share capital.
Capital Structure Context
For the purpose of this disclosure, the company's paid-up equity share capital is considered to be Rs. 10,62,77,299, divided into 106,277,299 equity shares of Rs. 1/- each. This is the capital base as of March 31, 2026.
It is noted that the company allotted 5,221 equity shares under an Employee Stock Option Plan (ESOP) on June 8, 2026, which increased the paid-up capital to 106,282,520 shares. However, the pre-ESOP capital figure was used for this specific disclosure.
Overall Impact
This transaction is an inter-se transfer amongst the promoter group. The filing explicitly states that the total holdings of the promoter group have remained unchanged post this transaction.