Kare family trust to boost stake in Indoco Remedies

Kare Family Private Trust (KFPT), a promoter entity of Indoco Remedies Limited, plans to acquire 5,534,874 equity shares, representing 6% of the target company, from Aruna Suresh Kare. This direct acquisition, along with indirect stakes through promoter companies Shanteri Investment Private Limited (SIPL) and SPA Holdings Private Limited (SHPL), is scheduled to occur on or after December 25, 2025. The transaction involves no monetary consideration, structured as a private family arrangement for succession planning.

Upon completion, KFPT's direct shareholding in Indoco Remedies will rise from 8.20% to 14.20%, and its total stake, including indirect holdings, will increase from 45.27% to 51.27%. The acquisition aims to streamline the family’s assets and businesses, with Aditi Milind Panandikar and Madhura Suresh Kare serving as trustees of KFPT.

The disclosure under Regulation 10(5) confirms compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.