Tinna Rubber promoter to receive significant stake via off-market gift

Tinna Rubber and Infrastructure Limited announced that its promoter, Bhupinder Kumar Sekhri, plans to acquire 8,615,862 equity shares (47.8240% of the company's share capital) through an off-market inter-se transfer by way of gift. This transaction will involve transfers from six other promoter and promoter group entities, including Mrs. Shobha Sekhri, Mrs. Aarti Sekhri, Mrs. Puja Sekhri, Mr. Arnav Sekhri, Mr. Krishnav Sekhri, and Mr. Aditya Brij Sekhri. The proposed acquisition is scheduled to occur on or before September 30, 2025, and will not involve any consideration.

The acquisition is exempt from open offer requirements under Regulation 10(1)(a)(i) & (ii) of the SEBI SAST Regulations, 2011, as it is an inter-se transfer among promoters. Consequently, the aggregate promoter and promoter group shareholding before and after the transaction will remain unchanged. Post-acquisition, Bhupinder Kumar Sekhri’s stake will increase from 2.25% (404,924 shares) to 50.07% (90,20,786 shares).

The transferors' individual holdings will decrease significantly; for example, Mrs. Shobha Sekhri's stake will reduce from 20.06% to 9.15%. The volume-weighted average market price for the shares over the past 60 trading days was reported as Rs. 881.63/-. This disclosure has been submitted to both the BSE and the National Stock Exchange.