StockWatch
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Lubricants
Shareholding10 Jun 2026, 11:04 am

Savita Oil Technologies: Promoter Trust Dissolution & Share Transfer

AI Summary

Siddharth G. Mehra, a promoter of Savita Oil Technologies Limited, has submitted a prior intimation regarding the proposed acquisition of 3,33,330 equity shares (0.49% of total share capital) pursuant to the dissolution of the Siddarth Mehra Trust. This transaction is an inter-se transfer among promoters and falls under the exemption of Regulation 10(1)(a)(ii) of the SEBI SAST Regulations, meaning no open offer is required as there is no consideration payable. The shares will be transferred to Siddharth G. Mehra, who is the sole beneficiary of the trust. The acquisition is planned for on or after June 15, 2026. This disclosure is in accordance with SEBI SAST Regulations, 2011.

Key Highlights

  • Promoter Siddharth G. Mehra to acquire 0.49% stake.
  • Acquisition via dissolution of Siddarth Mehra Trust.
  • Transaction is an inter-se promoter transfer, exempt from open offer.
  • No consideration payable; shares transferred to sole beneficiary.
  • Acquisition planned on or after June 15, 2026.