07-Nov-2026 11:06:59
AXITA : PROMOTER GROUP INTER-SE GIFT TRANSFER OF 10.42% STAKE
• Gitaben Nitinbhai Patel to acquire 3,98,70,411 equity shares, or 10.42% of share capital, from Kushal Nitinbhai Patel • Transfer is an inter-se transfer among promoters/promoter group by way of gift at NIL consideration • Acquirer exempt from making an open offer under Regulation 10(1)(a) of SEBI SAST Regulations, 2011 • Acquirer's stake rises from 3.33% to 13.95%; seller's holding falls from 10.42% to nil • Total promoter and promoter group holding unchanged at 41.91% before and after the proposed transaction • Proposed acquisition anytime after 4 working days from the 06-11-2026 intimation Impact: Neutral (Only an internal promoter group reallocation via gift; aggregate promoter holding and control remain unchanged)
Axita Cotton Ltd
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