Promoters Visakh Rajkumar and Vignesh Rajkumar have acquired a combined 32,00,000 shares in Cella Space through an inter-se transfer. The transaction took place on August 27, 2026, significantly consolidating promoter holdings in the Bombay Stock Exchange-listed company.

The acquisition was disclosed under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, relying on the exemption provided under Regulation 10(1)(a)(ii). The transfer involved shares sold by promoter Rajkumar Sivathanupillai.

Transaction Details

The inter-se transfer was executed at a price of ₹30 per share. The total value of the transaction represents 15.88% of the diluted share capital of Cella Space Limited.

The disclosure was filed with the stock exchange on August 21, 2026, as required under Regulation 10(5). The report was signed by both acquirers in Chennai on August 29, 2026. Additional filings under Regulation 29(2) were signed by Vignesh Rajkumar on August 30, 2026. The seller, Rajkumar Sivathanupillai, also signed the disclosure form on August 30, 2026.

Change in Shareholding

Following the transaction, Visakh Rajkumar’s stake increased from 1.80% to 9.74%, while Vignesh Rajkumar’s holding rose from 2.11% to 10.05%. Conversely, Rajkumar Sivathanupillai’s stake decreased from 51.91% to 36.03%.

The total equity share capital of Cella Space remained unchanged during this internal restructuring among promoters, standing at Rs. 20,15,12,170/-.

Cella Space promoters Visakh Rajkumar and Vignesh Rajkumar plan to acquire 32,00,000 equity shares from fellow promoter Rajkumar Sivathanu Pillai. The transaction, valued at ₹30 per share, represents a 15.88% stake in the company.

The acquisition is structured as an inter-se transfer among promoters who have held their positions for at least three years. Under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, such transfers are exempt from making an open offer to public shareholders.

Transaction Details

The acquirers submitted prior intimation under Regulation 10(5) of the SAST Regulations on August 21, 2026. The transfer is scheduled to take place on or after August 27, 2026, adhering to the mandatory four-working-day waiting period post-intimation.

Pricing and Regulatory Compliance

The agreed acquisition price of ₹30 per share is within regulatory limits. The volume-weighted average market price (VWAP) for the 60 trading days preceding the notice (May 27, 2026, to August 20, 2026) was approximately ₹24.10 per share on the Bombay Stock Exchange.

Regulations cap the acquisition price at 125% of this VWAP, which amounts to ₹30.13 per share. The declared price of ₹30 complies with this ceiling, ensuring the transaction remains exempt from open offer obligations.

Impact on Shareholding Pattern

The transfer reshuffles promoter holdings but leaves the aggregate promoter group stake unchanged at 59.22%. Rajkumar Sivathanu Pillai’s individual holding will drop from 51.91% to 36.03%. Conversely, Visakh Rajkumar’s stake will rise from 1.80% to 9.74%, while Vignesh Rajkumar’s holding will increase from 2.11% to 10.05%.

Other promoter group members, including Rajee Rajkumar and Kamalam Sivathanu Pillai, retain their existing stakes without any changes in voting rights or share counts.