Nature of the Event
This is a regulatory compliance disclosure filed by Saripalli Monish, a promoter of Samkrg Pistons and Rings Limited, regarding the acquisition of equity shares through an inter-se transfer from another promoter.
Key Quantitative Figures
- Number of shares acquired: 303,531 equity shares
- Percentage of voting rights acquired: 3.09%
- Total equity share capital of the company: 9,820,500 shares (unchanged by this transaction)
- Date of acquisition: September 01, 2026
- Date of intimation to the company: September 02, 2026
Parties Involved
- Acquirer: Saripalli Monish, S/o Shri Saripalli Kishore, Promoter and Executive Director (DIN: 10217575)
- Transferor: Shri Saripalli Kishore (father of the acquirer)
- Target Company: Samkrg Pistons and Rings Limited
- Stock Exchange: BSE Limited
Purpose or Rationale
The acquisition was executed via an inter-se transfer between promoters, specifically a transfer of shares from Mr. Saripalli Kishore to his son, Mr. Saripalli Monish.
Holding Details
Before Acquisition (Saripalli Monish):
- Shares carrying voting rights: 0
- Total holding (including all instruments): 0
Transaction Details:
- Type of security acquired: Equity Shares cum Voting Rights
- Number of shares acquired: 303,531
- Percentage of total share capital: 3.09%
- Mode of acquisition: Inter-se transfer between promoters (off-market)
After Acquisition (Saripalli Monish):
- Shares carrying voting rights: 303,531
- Percentage of total share capital: 3.09%
- Total holding (including all instruments): 303,531 shares (3.09%)
Capital Structure Impact
- The company's total equity share capital remains unchanged at 9,820,500 shares before and after the transaction.
- The transaction results in a change in beneficial ownership within the promoter group but does not alter the total promoter group holding or the company's overall capital structure.
Additional Information
- The disclosure includes a completed Format for disclosures under Regulation 29(2) and a Form C for insider trading regulations.
- The acquirer confirmed no trading in derivatives on the company's securities.
- The value of the transaction is not disclosed, as it is excluded per the note in Form C.