Bagmane Prime Office REIT IPO subscribed 71% on day 1
Source: Moneycontrol
Sakthi Sugars Limited has disclosed an inter se transfer of equity shares between its promoter and a promoter group company, pursuant to Regulation 7(2)(a) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was filed with BSE Limited and the National Stock Exchange of India Limited on 5th May 2026 by the company's Company Secretary, S. Venkatesh.
Transaction Overview
Dr. M. Manickam, one of the promoters of Sakthi Sugars Limited, acquired 1,68,60,000 equity shares representing 14.18% of the company from ABT Investments (India) Private Limited, a promoter group company. The transaction was executed on 4th May 2026 through an inter se transfer and off-market transaction at a price of Rs.15.96 per share, amounting to a total consideration of Rs.26,90,85,600.
The key details of the transaction are summarised below:
Parameter: Details Transaction Date: 4th May 2026 Transaction Type: Inter Se Transfer (Off-Market) Number of Shares Transferred: 1,68,60,000 Shareholding Transferred (%): 14.18% Price per Share: Rs.15.96 Total Transaction Value: Rs.26,90,85,600 Acquirer: Dr. M. Manickam (Promoter) Transferor: ABT Investments (India) Private Limited (Promoter Group) Date of Intimation to Company: 5th May 2026 Exchange(s): NSE and BSE
Change in Shareholding — Acquirer (Dr. M. Manickam)
As a result of this acquisition, Dr. M. Manickam's shareholding in Sakthi Sugars Limited has changed as follows:
Metric: Pre-Transaction Post-Transaction Type of Security: Equity Shares Equity Shares Number of Shares: 19,14,200 1,87,74,200 Shareholding (%): 1.61% 15.79%
Change in Shareholding — Transferor (ABT Investments (India) Private Limited)
ABT Investments (India) Private Limited, formerly known as A B T (Trichy) Private Limited, reported the following change in its holding following the inter se transfer:
Metric: Pre-Transaction Post-Transaction Type of Security: Equity Shares Equity Shares Number of Shares: 6,64,73,540 4,96,13,540 Shareholding (%): 55.93% 41.75%
Regulatory Compliance
Both Dr. M. Manickam and ABT Investments (India) Private Limited submitted separate intimations to the Company Secretary of Sakthi Sugars Limited under Regulation 4(1) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Continual disclosures in Form B were enclosed with the filing as required under the applicable regulations. No derivative transactions were reported by either party in connection with this inter se transfer.
Sakthi Sugars Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, following regulatory guidelines from the Securities and Exchange Board of India. The company published newspaper advertisements on April 16, 2026 to inform investors about this significant opportunity.
Special Window Details
The special window will remain operational for one year, providing investors with adequate time to complete their transactions. Key parameters of this initiative include:
Parameter: Details Window Period: February 05, 2026 to February 04, 2027 Regulatory Authority: SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 Circular Date: January 30, 2026 Eligible Securities: Physical securities sold or purchased prior to April 01, 2019
Eligible Transfer Requests
The special window specifically addresses previously problematic transfer requests. Investors can re-lodge physical share transfer requests that were:
Earlier submitted but rejected due to deficiencies in documentation
Returned due to procedural lapses
Not processed for various other reasons
All re-submissions must be made through the company's Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), located at Surya, 35, Mayflower Avenue, Behind Senthil Nagar, Sowripalayam Road, Coimbatore - 641028, Tamilnadu, India.
Transfer Conditions and Restrictions
Securities processed under this special window will be subject to specific conditions designed to ensure regulatory compliance:
Condition: Requirement Credit Format: Mandatorily in dematerialised form only Destination: Transferee's demat account Lock-in Period: One year from date of registration Restrictions During Lock-in: No transfer, pledge, or lien-marking allowed Documentation: All documents as prescribed under SEBI Circular
Exclusions and Limitations
Certain categories of cases will not be eligible for processing under this special window. The company has clearly specified that:
Cases involving disputes between transferor and transferee will not be considered
Such disputes must be resolved through appropriate court or NCLT proceedings
Securities already transferred to the Investor Education and Protection Fund (IEPF) are not eligible for processing
The transferee must mandatorily submit all documents as prescribed under the SEBI Circular to ensure smooth processing of their requests. This special window represents a significant opportunity for investors holding physical securities to regularise their holdings and benefit from the advantages of dematerialised securities.
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Source: The New Indian Express