StockWatch
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Other Textile Products
Shareholding14 Oct 2026, 02:56 pm

Indo Count: Lhochhar Trust Acquires Promoter Stake Indirectly

AI Summary

Indo Count Industries Ltd has announced that Lhochhar Trust has indirectly acquired voting rights associated with Sandridge Investments Limited's shareholding. Sandridge, a promoter, holds 31.31% of Indo Count's equity. The acquisition occurred through testamentary transmission of shares of Sandridge's holding company. No direct transfer of Indo Count shares took place, and Sandridge's direct shareholding remains unchanged at 31.31%. This disclosure is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Lhochhar Trust indirectly acquired voting rights in Indo Count.
  • Acquisition was through testamentary transmission of a holding company's shares.
  • Promoter Sandridge Investments' direct shareholding remains 31.31%.
  • No direct transfer of Indo Count shares occurred.
  • Disclosure filed under SEBI Takeover Regulations.