Deepak Spinners Limited has disclosed an acquisition of 428 equity shares by promoter group member Shantanu Daga under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. The transaction represents an inter-se transfer within the promoter group, completed as a gift without monetary consideration on 06.03.2026.

Transaction Details

The share acquisition was structured as an inter-se transfer between promoter group members who are relatives, falling under the exemption provided by Regulation 10(1)(a)(i) & (ii) of SEBI SAST Regulations. This regulatory framework allows transfers within promoter groups without triggering mandatory open offer requirements.

Shareholding Impact

The acquisition resulted in a marginal change in Shantanu Daga's shareholding position within Deepak Spinners Limited. His stake increased from 29,615 shares to 30,043 shares, representing a percentage increase from 0.41% to 0.42% of the company's total share capital.

Regulatory Compliance

The disclosure was filed with BSE Limited on 02.03.2026 under Regulation 10(5) of SEBI SAST Regulations. Shantanu Daga, residing at House No. 2148, Sector 15-C, Chandigarh 160015, submitted the formal notification acknowledging compliance with all conditions under Regulation 10(1)(a) regarding exemptions from open offer requirements.

Promoter Group Structure

The comprehensive promoter group structure includes multiple key stakeholders with significant holdings:

The inter-se transfer reflects routine internal reorganization within the promoter group, with the total promoter shareholding remaining substantially unchanged at approximately 45.95% post-transaction. The transaction maintains the overall promoter group structure while facilitating internal shareholding adjustments between family members.

Deepak spinners Limited has announced a key senior management appointment, naming Dr. Ramesh Kumar Sharma as Senior Vice President (Personnel & Administration) effective March 5, 2026. The appointment was formalized through a Board of Directors circular resolution following recommendations from the company's Nomination and Remuneration Committee.

Appointment Details

The company disclosed the appointment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dr. Sharma's terms of appointment will align with the company's Nomination and Remuneration policy.

Professional Background

Dr. Sharma brings extensive expertise to his new role with over 35 years of experience in human resources administration and industrial relations. His professional journey includes significant positions across both private and public sectors.

Educational Qualifications and Experience

• Academic Background: Postgraduate in Personnel Management and Industrial Relations
• Honorary Recognition: Doctorate in Public Relations and Corporate Law by the Iconic Peace Award Council
• Experience: Over 35 years in human resources administration and industrial relations

Previous Employment

Dr. Sharma's career spans diverse organizational environments:

• Birla Textile Mills, Baddi: Gained valuable private sector experience in textile industry operations
• Ministry of Home Affairs, Government of India: Contributed to public sector administration and policy implementation

Regulatory Compliance

The appointment disclosure was made in compliance with SEBI listing regulations, with Company Secretary Puneeta Arora formally communicating the development to BSE Limited. The appointment reflects the company's commitment to strengthening its senior management team with experienced professionals in key operational areas.