Premier Explosives promoter Amarnath Gupta increases stake via family partition

Amarnath Gupta, a promoter of Premier Explosives Limited, has announced a proposed acquisition of 3,283,485 equity shares of the company. This acquisition will occur via an off-market inter-se transfer, resulting from the partition of Amarnath Gupta HUF. The transaction is scheduled for October 9, 2025, or later, and involves no monetary consideration.

The acquisition will increase Mr. Gupta's individual holding by 6.11%, raising his total stake from 24.37% (13,100,915 shares) to 30.48% (16,384,400 shares). The shares being acquired previously belonged to Amarnath Gupta HUF, which held 6.11% of the company's total share capital. Post-transaction, Amarnath Gupta HUF will hold 0.00% of the shares.

This disclosure was made under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, leveraging the exemption provided by Regulation 10(1)(a)(ii). The acquirer has confirmed compliance with all applicable SEBI Takeover Regulations and disclosure requirements.