This is a regulatory disclosure filed by Saripalli Karunakar, a promoter of Samkrg Pistons and Rings Limited, with BSE Limited. The filing is made in compliance with SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011 (Regulation 29(2)) and the SEBI (Prohibition of Insider Trading) Regulations, 2015 (Regulation 7(2) read with Regulation 6(2)).
The core event disclosed is the acquisition of 2,000,000 equity shares carrying voting rights in Samkrg Pistons and Rings Limited by Saripalli Karunakar. This acquisition represents 20.36% of the company's total share/voting capital. The mode of acquisition is an inter-se transfer between promoters, specifically described as a "transmission of shares cum voting rights to legal heirs" from his deceased father, Shri S D M Rao. The transaction was effective on August 17, 2026.
Key Quantitative Figures and Holdings
- Shares Acquired: 2,000,000 equity shares
- Percentage of Total Capital Acquired: 20.36%
- Holding Prior to Acquisition: 586,971 shares (5.98% of total capital)
- Holding After Acquisition: 2,586,971 shares (26.34% of total capital)
- Total Equity Share Capital of the Company: 9,820,500 shares (remained unchanged by this transaction)
- No shares were held under encumbrance (pledge/lien) before or after this acquisition.
- No warrants, convertible securities, or other instruments entitling the acquirer to receive shares were involved.
Parties Involved
- Acquirer: Saripalli Karunakar (Promoter, Chairman & Managing Director, DIN: 01665760)
- Target Company: Samkrg Pistons and Rings Limited (ISIN: INE706B01012)
- Source of Shares: Shri S D M Rao (deceased)
- Stock Exchange: BSE Limited
Capital Structure Impact
This was a transfer of existing shares. The company's total equity share capital and total voting capital remained unchanged at 9,820,500 shares before and after the acquisition. The transaction resulted in a change in beneficial ownership within the promoter group but did not dilute or increase the total number of outstanding shares.
Additional Details
The document confirms there was no trading in derivatives on the company's securities by the promoter in relation to this event. The disclosure was signed and submitted from Hyderabad on August 18, 2026.