Bengal & Assam Co: Promoter Group Inter-se Share Transfer

Bengal & Assam Company Ltd has filed a disclosure regarding the inter-se transfer of 7,93,332 shares (6.96% stake) among promoter group members. This transfer follows the dissolution of Shripati Singhania HUF and occurs without any consideration via off-market trade. The shares are being transferred from Anshuman Singhania (as Karta of the dissolved HUF) to Vinita Singhania, Anshuman Singhania, and Shrivats Singhania. This transaction is exempt from open offer requirements under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as it involves transfer among promoter group constituents.