StockWatch
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Other Textile Products
Shareholding14 Oct 2026, 02:53 pm

Indo Count: Lhochhar Trust Indirectly Acquires Voting Rights

AI Summary

Indo Count Industries Limited has announced that Lhochhar Trust, through its trustee, 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 by Lhochhar Trust occurred via testamentary transmission of Sandridge's holding company shares. No direct transfer of Indo Count shares took place, and Sandridge's stake remains unchanged at 31.31%. This disclosure is made under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, relying on exemption under Regulation 10(1)(g).

Key Highlights

  • Lhochhar Trust indirectly acquired voting rights in Indo Count Industries.
  • Acquisition is via testamentary transmission of promoter's holding company shares.
  • No direct transfer of Indo Count shares occurred.
  • Promoter's shareholding of 31.31% remains unchanged.
  • Disclosure filed under SEBI Takeover Regulations, relying on exemption.