Rossari Biotech Promoter Transfers 15.89% Shares as Gift

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26 Aug, 2025 12:21

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Rossari Biotech's promoter, Sunil Srinivasan Chari, has transferred 88,00,000 equity shares, representing 15.89% of the company's total share capital, through an off-market inter-se transfer as a gift. The transaction, completed on August 28, 2025, involved transfers to other members of the promoter group without consideration.

The shares were transferred to Yash Sunil Chari (23,00,000 shares), Jyotishna Sunil Chari (15,00,000 shares), and Chari Family Trust (50,00,000 shares).

Following the transfer, Sunil Srinivasan Chari's holding decreased, while the holdings of other promoter group members increased. However, the aggregate holding of the promoter and promoter group remains unchanged.

The transaction is exempt under Regulation 10(1)(a)(ii) of the SEBI SAST Regulations, as it is an inter-se transfer among promoters.

Details of Share Transfers

Shareholding Before and After the Acquisition

Details of Share Capital

• Equity Share Capital Before: ₹11.07 Crores (5,53,66,966 Fully Paid-Up Equity Shares of ₹2/- Each)
• Equity Share Capital After: ₹11.07 Crores (5,53,66,966 Fully Paid-Up Equity Shares of ₹2/- Each)
• Total Diluted Share Capital After: ₹11.27 Crores (5,63,44,266 Fully Paid-Up Equity Shares of ₹2/- Each)

The transaction was disclosed pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The aggregate holding of promoter and promoter group before and after the above inter-se transaction shall remain the same.