Clarification18 Jul 2026, 11:32 am
Keto Motors: Clarifies Shareholding Disclosure Error
AI Summary
Keto Motors Limited (formerly Taaza International Limited) has issued a clarification regarding a previous disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company corrected a typographical error where the total paid-up share capital was mistakenly reported instead of the acquirers' total holding. The correct holding of acquirers and PACs is now stated as 6,51,47,800 shares. This correction pertains to an acquisition made pursuant to a Resolution Plan approved by the NCLT, Hyderabad Bench, involving Keto Motors Private Limited and Taaza International Limited.
Key Highlights
- Keto Motors clarifies shareholding disclosure error under SEBI SAST Regulations.
- Previous disclosure incorrectly stated paid-up capital as acquirer holding.
- Corrected holding of acquirers and PACs is 6,51,47,800 shares.
- Acquisition is part of an NCLT-approved Resolution Plan.
- Correction does not impact number of shares held or other disclosure details.
Price Impact
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