Zenith Fibres: Promoter Aims to Acquire Up To 2.54% Equity Via Inter-Se Transfer
Zenith Fibres Ltd. is undertaking a proposed inter-se transfer of equity shares, wherein Mrs. Pinky Rungta, identified as a promoter of the company, intends to acquire shares from Alpha Stitch-Art Pvt. Ltd. The transaction involves up to 1,00,000 equity shares, representing 2.54% of the total share capital of Zenith Fibres Limited.The proposed acquisition is designated as an inter-se transfer among members of the promoter and promoter group, operating under an exemption provided for qualifying persons who are named promoters in the company’s shareholding pattern. The transaction does not alter the collective shareholding of the Promoters and Promoters Group after completion.
Transaction Details and Shareholding Changes
The proposed acquisition involves Mrs. Pinky Rungta as the acquirer, targeting Alpha Stitch-Art Pvt. Ltd. as the seller. The shares are slated to be acquired on or after June 16, 2026, in tranches. The transaction details, including the pre and post-transaction shareholding status of the involved parties, are summarized below:| Particular | Before Transaction (Shares/%) | After Transaction (Shares/%) |
|---|---|---|
| Acquirer | Mrs. Pinky Rungta | 1,356,022 shares (34.38%) |
| Seller | Alpha Stitch-Art Pvt. Ltd. | Shares acquired: Up to 1,00,000 (2.54%) |
Promoter Group Details
The shareholding structure of the company includes several members and associated entities. The data reflects the existing holdings prior to this proposed transaction and post-transaction projections for relevant shareholders.The following table details the shareholding of key entities before the proposed acquisition:
| Entity Name | Shares Held (Before) | Percentage (%) |
|---|---|---|
| Mrs. Pinky Rungta (Acquirer) | 1,256,022 | 31.85% |
| Aman Rungta | 20,570 | 0.52% |
| Alpha Overseas International Pvt Ltd | 116,700 | 2.96% |
| Total (A) | 1,398,092 | 35.45% |
Alpha Stitch-Art Pvt. Ltd., the seller in this transaction, holds 450,000 shares, constituting 11.41% of the share capital before the proposed transfer. The acquisition is part of an inter-se transfer intended among members of the promoter group.
Stock Price Movement
Zenith Fibres Ltd. settled at ₹53.90 on Tuesday in post-market trading, falling 3.61%. The shares traded between a low of ₹51.50 and an intraday high of ₹56.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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