KAMA Realty (Delhi) Limited has acquired 10,00,000 equity shares of SRF Limited , constituting 0.34% of the company’s total share capital. The transaction was executed as an off-market inter-se transfer on September 18, 2026.

The acquisition represents the first tranche of a broader proposed transfer of up to 32,00,000 equity shares from KAMA Holdings Limited to KAMA Realty (Delhi) Limited. This initial move brings KAMA Realty’s total holding in SRF to 10,00,000 shares.

Transaction Details

The transfer was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, KAMA Realty held nil equity shares in SRF. Following the acquisition, its stake stands at 0.34% w.r.t. both total and diluted voting capital.

Promoter Group Structure

Both KAMA Realty and KAMA Holdings are part of the promoter group of SRF Limited. The disclosure lists KAMA Holdings Limited as holding 147845000 shares (49.88%), while KAMA Realty now holds 10,00,000 shares (0.34%). Other Persons Acting in Concert (PAC) include family members such as Mr. Arun Bharat Ram and various group entities like SRF Altech Limited and SRF Global BV.

The total equity share capital of SRF remains unchanged at Rs. 2,96,42,48,250, consisting of 29,64,24,825 equity shares of Rs. 10 each. The total diluted share capital stands at Rs. 2,96,65,76,350.

SRF Limited promoter group entity KAMA Realty (Delhi) Limited has intimated plans to acquire up to 32,00,000 equity shares of the chemical and polymer manufacturer. The acquisition represents up to 1.08% of the paid-up capital and will be executed through off-market transactions from KAMA Holdings Limited.

The proposed inter-se transfer is structured under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. KAMA Realty cited the creation of self-sustainable profitability and facilitation of business growth as the rationale for the transaction.

Transaction Details

The shares will be acquired in one or more tranches at a price based on the closing price on the trading day immediately prior to the execution date of each tranche. The acquirer declared that the acquisition price per share will not exceed 25% above the volume-weighted average market price computed under Regulation 10(1)(a).

The volume-weighted average market price for the 60 trading days preceding the notice date on the National Stock Exchange of India Limited was ₹2710.70 per share. The transfer is expected to occur any time after four working days from the intimation date but on or before September 30, 2026.

Shareholding Structure

The transaction involves a shift within the promoter group, with no change in the aggregate shareholding of promoters or ultimate beneficial ownership. SRF Limited will remain a subsidiary of KAMA Holdings Limited.

Individual promoter holdings for Mr. Arun Bharat Ram, Mr. Ashish Bharat Ram, and Mr. Kartik Bharat Ram remain unchanged at 0.03%, 0.01%, and 0.01% respectively.

What the Numbers Show

The total promoter group holding remains constant at 50.26% before and after the proposed transaction. This confirms the move is purely an internal restructuring within the promoter circle rather than an external dilution or consolidation event affecting public float.