Indo Count Industries disclosed that the Lhochhar Trust has indirectly acquired voting rights associated with a 31.31% stake held by its promoter, Sandridge Investments Limited. The acquisition occurred through the testamentary transmission of shares in Sandridge's holding company.

The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Orbis Consulting AG, acting as the trustee for the Lhochhar Trust, confirmed the transaction on October 14, 2026. The date of acquisition was recorded as October 12, 2026.

Nature of the Transaction

The acquisition involved no direct transfer of equity shares in Indo Count Industries. Instead, the Lhochhar Trust acquired shares of Sandridge Investments' holding company via testamentary transmission. Consequently, the trust now holds indirect voting rights over the promoter's stake.

Sandridge Investments continues to hold 6,20,02,455 equity shares of Indo Count Industries. This holding represents 31.31% of the company's total equity share capital. The direct shareholding pattern of the target company remains unchanged following this indirect transmission.

Disclosure Details

The filing highlights that the acquirer did not hold any shares or voting rights in the target company prior to this event. The post-acquisition holding reflects the indirect control over the promoter's existing stake.

Regulatory Compliance

Orbis Consulting AG submitted the necessary disclosures to both BSE Limited and the National Stock Exchange of India Limited. The filing clarifies that the acquirer does not belong to the promoter or promoter group as defined under the SEBI ICDR Regulations, 2018.

The total equity share capital of Indo Count Industries stands at 19,80,54,340 equity shares with a face value of ₹2 each. This capital structure remained identical before and after the reported indirect acquisition.

Indo Count Industries Limited will host a plant visit for institutional investors and analysts on October 5, 2026, at 9:00 am IST in Maharashtra. The event is scheduled as a group meeting conducted in person.

The company filed this intimation with the National Stock Exchange of India and BSE Limited on September 29, 2026, pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that the interactions are intended to provide market participants with direct access to the company's operations.

Event Details

The following table outlines the specific logistics for the scheduled interaction:

Disclosure Guidelines

The company explicitly stated that all discussions during the visit will be based strictly on publicly available information. No unpublished price-sensitive information (UPSI) is intended to be discussed during these interactions. This adherence ensures compliance with regulatory standards regarding fair disclosure.

Participants and the company noted that changes to the schedule may occur due to exigencies on the part of the participants, the host, or the company. The communication was signed by Satnam Saini, Company Secretary and Senior General Manager - Legal.