This document is a regulatory disclosure filed by Megha Arora, a promoter of Sonal Adhesives Limited, with BSE Limited. The disclosure is made under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, concerning the transmission of shares.
The disclosure pertains to the transmission of 63,269 equity shares from the deceased promoter group member, Late Mrs. Kamal Arora, to Ms. Megha Arora.
Key Quantitative Figures
- Number of Shares Transmitted: 63,269
- Percentage of Total Voting Capital: 1.04%
- Megha Arora's Holding Before Transmission: 142,000 shares (2.34% of voting capital)
- Megha Arora's Holding After Transmission: 205,269 shares (3.38% of voting capital)
- Company's Total Equity Share Capital: ₹6,06,10,000 (comprising 60,61,000 Equity Shares of ₹10 each)
Parties Involved
- Acquirer: Ms. Megha Arora (Promoter)
- Deceased Member: Late Mrs. Kamal Arora (Promoter Group)
- Regulatory Authority: SEBI
- Stock Exchange: BSE Limited
Purpose/Rationale
The transaction is described as a "Transmission of shares" following the demise of a promoter group member.
Financial and Capital Structure Impact
- The transmission results in an increase in Megha Arora's shareholding from 2.34% to 3.38% of the total voting capital.
- The company's total equity share capital remains unchanged at ₹6,06,10,000 (60,61,000 equity shares of ₹10 each) before and after the transaction.
- The total diluted share/voting capital also remains unchanged.
- The mode of acquisition is specified as "Transmission of shares".
- There are no salient features for the securities acquired (marked as NIL), and no shares are reported as encumbered (pledge/lien) in the transaction.