LT Foods promoter to acquire shares via off-market gift

Ashwani Kumar Arora, a promoter of LT Foods Limited, has announced a proposed acquisition of 1,154,405 equity shares of the company. This transaction will occur through an off-market inter-se transfer by way of a gift from Surinder Kumar Arora, another promoter, and will not involve any consideration. The acquisition, representing 0.33% of LT Foods’ total share capital, is expected to take place on or after November 24, 2025.

This transfer falls under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, meaning it does not trigger a requirement for an open offer. The aggregate holding of the promoter and promoter group is stated to remain unchanged before and after this inter-se transaction, although Ashwani Kumar Arora's individual holding will increase from 6.62% to 6.95%.

The transferors and transferees have declared compliance with applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011, for the three years prior to the proposed acquisition. All conditions under Regulation 10(1)(a) related to exemptions have been duly met.