StockWatch
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Civil Construction
Acquisitions12 Sept 2026, 01:00 pm

Chiraharit Ltd: Promoter Group Acquires 52.56% Stake

AI Summary

Malaxmi Climate Resilience Platform Private Limited, the promoter group of Chiraharit Limited, has acquired 2,87,99,990 equity shares, representing 52.56% of the total share capital, from Dr. Tejaswini Yarlagadda. The acquisition was made at Rs. 8 per share and is exempted from making an open offer under Regulation 10(1)(a)(iii) of the SEBI SAST Regulations, 2011. The disclosure under Regulation 10(5) was filed on August 31, 2026.

Key Highlights

  • Promoter group acquired 52.56% stake in Chiraharit Ltd.
  • Acquisition involves 2,87,99,990 equity shares at Rs. 8 each.
  • Transaction is exempted from open offer under SEBI SAST Regulations.
  • Malaxmi Climate Resilience Platform is the new acquirer.