Transaction Details

The company received a prior intimation from Mr. Satish Kumar Goyal (Promoter Group) under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 regarding a proposed inter-se transfer of equity shares.

Key Transaction Parameters:

  • Proposed Transaction Date: On or after 29th day of June, 2026
  • Total Shares to be Transferred: 27,50,100 equity shares of ₹10 each
  • Percentage of Total Equity: 40.15%
  • Price per Share: ₹30

Transferor and Transferee Details:

| Transferor (Seller) | Transferee (Acquirer) | Number of Shares | Percentage of Holding |

| Ashok Kumar Goyal | Satish Kumar Goyal | 13,82,000 | 20.1752% |

| Kusum Agarwal | Satish Kumar Goyal | 9,72,100 | 14.1912% |

| Moon Goyal | Satish Kumar Goyal | 2,46,000 | 3.5912% |

| Shobhik Goyal | Satish Kumar Goyal | 1,00,000 | 1.4599% |

| Mohit Goyyal | Satish Kumar Goyal | 50,000 | 0.7299% |

Regulatory Exemption

The transaction qualifies for exemption from making an open offer under Regulation 10(1)(a)(i) and (ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it represents an inter-se transfer of shares among immediate relatives and qualifying persons who have been named as promoters in the shareholding pattern filed by the company for not less than three years prior to the proposed acquisition.

Shareholding Impact

Pre-Transaction Shareholding of Acquirer Group:

  • Satish Kumar Goyal: 11,80,000 shares (17.2263%)
  • Shivam Goyal: 5,40,000 shares (7.8832%)
  • Seema Goyal: 3,35,000 shares (4.8905%)
  • Satish Kumar Goyal HUF: 3,00,000 shares (4.3796%)

Post-Transaction Shareholding:

  • Satish Kumar Goyal: 39,30,100 shares (57.373%)
  • Shivam Goyal: 5,40,000 shares (7.8832%)
  • Seema Goyal: 3,35,000 shares (4.8905%)
  • Satish Kumar Goyal HUF: 3,00,000 shares (4.3796%)

All transferors (sellers) will hold 0 shares post-transaction. The aggregate holding of the promoter and promoter group before and after the transaction remains unchanged at 74.526%.

Additional Information

  • The acquisition price of ₹30 per share is confirmed as the price determined in terms of clause of sub-regulation (2) of regulation 8 for infrequently traded shares
  • The acquirer has declared that all applicable requirements in Chapter V of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 have been/will be complied with
  • The disclosure was signed by Satish Kumar Goyal (Promoter/Acquirer) at Agra on 22.06.2026
  • The company submission was signed by Amit Kaur Lamba, Company Secretary and Compliance Officer (ICSI Membership No. 74425)