AKS Family Trust Acquires 41.33% Stake in Premier Explosives Ltd from Amarnath Gupta and Kailash Gupta

AKS Family Trust has acquired a 41.33% stake in Premier Explosives Ltd from Mr. Amarnath Gupta and Ms. Kailash Gupta. The acquisition involves the settlement of 1,63,84,400 equity shares from Mr. Amarnath Gupta and 58,37,335 equity shares from Ms. Kailash Gupta to AKS Family Trust. The settlement is pursuant to SEBI exemption order under Regulation 11(5) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It's important to note that there has been no change in the total shareholding of the promoter/ promoter group in Premier Explosives Ltd after the aforesaid settlement.