ASYA Acquires 4.5% Stake in Abate AS Industries Through Off-Market Transaction

Abate AS Industries Limited has received a disclosure under SEBI regulations regarding a substantial share acquisition by promoter group entity ASYA. The transaction represents a significant addition to the promoter group's stake in the BSE-listed company.

Transaction Details

ASYA executed an off-market acquisition of shares on March 23, 2026, adding a substantial portion to the promoter group holdings in the company. The acquirer belongs to the promoter/promoter group of Abate AS Industries.

Transaction Parameter:	Details
Shares Acquired:	70,92,291
Percentage Acquired:	4.50%
Transaction Mode:	Off Market
Transaction Date:	March 23, 2026
Acquirer Status:	Promoter Group

Shareholding Changes

The acquisition resulted in ASYA establishing a new ownership position in the company. Following the completion of the transaction, ASYA now holds a 4.50% stake in Abate AS Industries.

Holding Period:	Number of Shares	Percentage Holding
After Acquisition:	70,92,291	4.50%
Change:	+70,92,291	+4.50%

Company Capital Structure

The company's equity share capital structure remained stable throughout the transaction period. The total voting capital and diluted share capital figures were consistent before and after the acquisition.

Capital Parameter:	Amount
Equity Share Capital (Before):	Rs.1,57,60,64,560
Equity Share Capital (After):	Rs.1,57,60,64,560
Total Diluted Share Capital:	Rs.1,57,60,64,560

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was duly reported to BSE Limited, where the company's shares are listed. The formal disclosure was signed and dated March 24, 2026, from Perinthalamanna, ensuring compliance with regulatory timelines for substantial shareholding changes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.23%	+1.62%	-4.65%	-26.66%	-41.37%	+16.77%

Abate AS Industries Limited has filed regulatory disclosures regarding a significant share transfer involving substantial acquisition norms, in compliance with SEBI's insider trading and takeover regulations. The company submitted disclosures under both Regulation 7(2) of SEBI Prohibition of Insider Trading Regulations, 2015, and Regulation 29 of SEBI Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Share Transfer Transaction Details

The disclosure reveals a substantial share transfer where Asya, identified as an immediate relative of the promoter, acquired 70,92,291 equity shares representing a 4.50% stake in the company. The transaction was executed as an off-market transfer on March 23, 2026, with the regulatory filing submitted to BSE Limited on March 25, 2026.

Transaction Parameter:	Details
Acquirer:	Asya (Immediate relative of promoter)
Number of Shares:	70,92,291
Percentage Stake:	4.50%
Transaction Date:	March 23, 2026
Mode:	Off-market transfer
Exchange:	BSE Limited

Seller Information and Holdings

The shares were transferred from Fazil Chemmankuzhiyil, who does not belong to the promoter group. Prior to this disposal, Fazil held 2,30,34,956 shares representing 14.62% of the company's total voting capital. Following the transfer of 70,92,291 shares, his remaining holding stands at 1,59,42,665 shares, constituting 10.12% of the total equity.

Seller Holdings:	Before Transfer	After Transfer
Number of Shares:	2,30,34,956	1,59,42,665
Percentage Holding:	14.62%	10.12%
Shares Transferred:	70,92,291	-

Company Capital Structure

The company's equity share capital remains unchanged at Rs.1,57,60,64,560 both before and after the transaction. The total diluted share capital also stands at the same amount, indicating no convertible securities or warrants are outstanding that could affect the shareholding percentages.

Regulatory Compliance Framework

The dual disclosure under SEBI regulations demonstrates the company's commitment to transparency. The filing under Regulation 29 of the takeover regulations was necessary as the transaction involved substantial acquisition thresholds, while the insider trading regulation disclosure ensures proper reporting of promoter group transactions. Heena Kausar Mohd Amin Rangari, serving as Company Secretary and Compliance Officer (ACS: 49820), executed both regulatory filings, maintaining the company's compliance standards with stock exchange requirements.