Axita Cotton: Promoter group to acquire 10.42% via inter-se transfer

Axita Cotton Ltd has announced a proposed acquisition of 3,98,70,411 equity shares, representing 10.42% of the company's share capital. The transaction is an inter-se transfer among the promoter group, specifically from Kushal Nitinbhai Patel to Mrs. Gitaben Nitinbhai Patel, who is an immediate relative and part of the promoter group. This transfer is exempt from making an open offer under Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made by Mrs. Gitaben Nitinbhai Patel on November 6, 2026, in compliance with Regulation 10(5) of the SEBI SAST Regulations.