Chiraharit Ltd: Promoter Group Acquires 52.56% Stake

Chiraharit Limited has announced a significant share acquisition by Malaxmi Climate Resilience Platform Private Limited, a member of the promoter group. The transaction involves the acquisition of 2,87,99,990 equity shares, representing 52.56% of the total share capital, from Mrs. Tejaswini Yarlagadda, a promoter. The acquisition is being conducted via an off-market transfer at a price of ₹8 per share. This move is intended to consolidate promoter shareholding under a corporate entity for ease of structuring and long-term holding. The transaction falls under an exemption provided by Regulation 10(1)(a)(iii) of the SEBI SAST Regulations. The volume-weighted average market price for the 60 trading days preceding the notice was ₹8.65.