An acquirer has withdrawn the prior intimation for the proposed inter-se transfer of 27,50,100 equity shares in op chains under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company informed the exchange that the transaction could not be executed as initially planned due to unforeseen reasons. Consequently, the prior intimation dated June 22, 2026, has been treated as null and void.

The withdrawal was communicated by Satish Kumar Goyal, the acquirer, to the Corporate Compliance Department of BSE Limited. The proposed transfer involved off-market inter-se transfer of shares under Regulation 10(5) of the SAST regulations. The company stated that if the acquirer decides to proceed with the transaction at a later date, a fresh intimation will be submitted in compliance with applicable regulations.

The following table outlines the key details of the withdrawn intimation:

O.P Chains Ltd, registered in Agra, Uttar Pradesh, has a BSE scrip code of 539116. The company's Board of Directors and the Compliance Officer have been marked on the communication regarding the withdrawal. The intimation was signed by Amit Kaur Lamba, Company Secretary and Compliance Officer for the company.

Promoter Satish Kumar Goyal is set to increase his stake in O. P. Chains Limited by acquiring 27,50,100 equity shares through an inter-se transfer within the promoter group. The transaction, scheduled for on or after June 29, 2026, will see Goyal acquire 40.15% of the company's total equity shares at a price of ₹30 per share. This restructuring consolidates shareholding among family members while the aggregate holding of the promoter group remains unchanged.

The acquisition involves shares being transferred from five individuals: Ashok Kumar Goyal, Kusum Agarwal, Moon Goyal, Shobhik Goyal, and Mohit Goyal. Following the transfer, Satish Kumar Goyal's holding will rise significantly, while the transferors will cease to hold shares in the company. The deal relies on exemptions provided under Regulation 10(1)(a)(i) and (ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which covers inter-se transfers amongst promoters and qualifying persons.

Transaction Details

The transfer encompasses a total of 27,50,100 equity shares of ₹10 each. The table below outlines the specific number of shares and percentage holdings being transferred from each member of the promoter group to Satish Kumar Goyal.

Regulatory Compliance

The intimation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer has confirmed compliance with all applicable disclosure requirements in Chapter V of the Takeover Regulations for the three years preceding the proposed acquisition.

Shareholding Pattern Changes

The transaction will alter the individual shareholding profiles within the promoter group while the overall promoter group aggregate remains constant. Satish Kumar Goyal's stake is set to increase to 57.373%, while other members of the promoter group, such as Shivam Goyal, Seema Goyal, and Satish Kumar Goyal HUF, will retain their existing holdings.