HP Cotton Textile Promoter Acquires 5.16% Stake

Kailash Kumar Agarwal, a promoter of HP Cotton Textile Mills Ltd, is set to acquire 2,02,466 equity shares, representing 5.16% of the company's paid-up share capital. This acquisition will occur through an off-market transaction as part of a family arrangement, with the transfer being inter-se among promoters. The transaction is scheduled for on or after June 15, 2026, and is exempt from an open offer under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This move is a result of a family rearrangement agreement dated March 14, 2019, and February 12, 2020.