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Premier Explosives promoters increase stake via inter-se transfer

October 20, 2025 at 05:39 AM UTCBy FilingReader AI

Amarnath Gupta and Kailash Gupta, promoters of Premier Explosives Limited, have jointly acquired 3,283,485 equity shares, representing a 6.11% stake in the company. This acquisition, classified as an inter-se transfer, was executed on October 17, 2025, from Amarnath Gupta HUF due to a partition of the HUF. No monetary consideration was involved in this off-market transaction.

Prior to the acquisition, Amarnath Gupta held 24.37% of the total voting capital, while Amarnath Gupta HUF held 6.11%. Post-acquisition, the combined holding of Amarnath Gupta and Kailash Gupta now stands at 30.48% (16,384,400 shares), an increase from their previous 24.37% (13,100,915 shares). The Amarnath Gupta HUF's stake has been reduced to 0% following the transfer.

The total equity share capital of Premier Explosives Limited remains at INR 10,75,22,390, consisting of 5,37,61,195 equity shares with a face value of INR 2/- each. This transaction falls under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, exempting it from an open offer.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:PREMEXPLNBombay Stock Exchange

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