Acquisitions28 Mar 2026, 03:01 pm

S & T Corporation Ltd: Ajay Surendra Savai Acquires 13.16% Shares from Late Father

AI Summary

S & T Corporation Ltd has disclosed under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 that Ajay Surendra Savai, son of Late Shri Surendra Savai, has transmitted 41,90,080 Equity Shares of Rs. 2 each, comprising of 13.16% of Paid-up Capital of the Company. This has increased Ajay Surendra Savai's shareholding to 78,70,068 Shares, or 24.72% of Paid-up Capital of the Company.

Key Highlights

Ajay Surendra Savai acquires 13.16% shares of S & T Corporation Ltd from his late father.
The acquisition increases Ajay Surendra Savai's shareholding to 24.72% of the Paid-up Capital of the Company.
The acquisition was made through transmission, not acquisition.
The overall Promoters Shareholding remains unchanged.
The disclosure was filed with a delay, but the Exchange is requested to condone the delay.

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