StockWatch
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Speciality Retail
Shareholding1 Oct 2026, 12:22 pm

V2 Retail: Akash Agarwal withdraws share acquisition disclosure

AI Summary

Akash Agarwal has withdrawn disclosures related to the proposed acquisition of 70,00,000 equity shares of V2 Retail Limited from Ram Chandra Agarwal. The transfer, intended as an off-market inter-se transfer between promoters/immediate relatives, was initially notified under SEBI (SAST) Regulations, 2011. The acquisition could not be completed due to technical issues and subsequent freezing of the PAN during a trading window closure period (October 1 to November 14, 2026). The transfer is postponed indefinitely, with plans to re-initiate the process at a later date after fulfilling all procedural and regulatory requirements. A fresh intimation will be provided to the stock exchanges before the future transfer.

Key Highlights

  • Proposed acquisition of 70 Lakh shares by Akash Agarwal deferred.
  • Transfer postponed due to technical issues and PAN freezing.
  • Acquisition was an off-market inter-se transfer between promoters.
  • New intimation will be filed before future transfer attempt.