Prakash Steelage Ltd: Acquirer Disclosure Under Takeover Regulations

Prakash Steelage Ltd has filed a disclosure regarding an acquisition under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquirer, Dheliben Mafatlal Seth, has paid a non-refundable fee of INR 1,77,000 (including GST) to SEBI on September 10, 2026. This filing pertains to an inter-se transfer of shares by way of gift amongst immediate relatives, specifically involving Prakash C. Kanugo as the seller and Dheliben Mafatlal Seth as the acquirer. The acquisition triggers Regulation 3(1) of the Takeover Regulations. Post-acquisition, Dheliben Mafatlal Seth's shareholding increased, and Prakash C. Kanugo's shareholding decreased.