Kare family trust boosts Indoco Remedies stake

Aditi Milind Panandikar, a promoter of Indoco Remedies Limited, disclosed an acquisition of equity shares by the Kare Family Private Trust (KFPT) and Aruna Suresh Kare. This direct acquisition totals 13,097,055 equity shares, representing 14.20% of the company's share capital, through off-market transfers among immediate relatives. The shares were acquired from Suresh Govind Kare, Aruna Suresh Kare, Aditi Milind Panandikar, and Madhura Suresh Kare on November 25, 2025.

In addition to the direct acquisition, KFPT and Aruna Suresh Kare also indirectly acquired stakes in Indoco Remedies. This was achieved through the acquisition of shares in promoter companies Shanteri Investment Private Limited (SIPL) and SPA Holdings Private Limited (SHPL), which hold 17.19% and 19.88% respectively in Indoco Remedies. The indirect acquisitions include KFPT gaining 55.02% in SIPL and 53.97% in SHPL, and Aruna Suresh Kare acquiring 20% in SIPL and 10.08% in SHPL from various family members.

The total acquisition, including both direct and indirect stakes, amounts to 51.27% of Indoco Remedies' share capital. The transactions were an inter se off-market transfer, primarily through gift deeds, and involved no monetary consideration, aimed at succession planning and streamlining family assets.