VMS TMT: Promoter Rishabh Singhi to acquire 2.66% stake

VMS TMT Ltd has announced an inter-se transfer of shares among its promoters. Rishabh Sunil Singhi will acquire 13,22,164 equity shares, representing 2.66% of the company's share capital, from Varun Manojkumar Jain. The acquisition is planned for on or after June 17, 2026, at a price of ₹45 per share. This transaction is being undertaken under an exemption from open offer requirements as it is an inter-se transfer among promoters, as per Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer has confirmed compliance with relevant disclosure norms and that the acquisition price is within the permissible limits.