Premier Explosives Limited , a key player in the explosives industry, has announced a significant change in its promoter shareholding structure. The company has completed an inter-se transfer of 6.11% equity stake, amounting to 32,83,485 shares, from Amarnath Gupta HUF to Amarnath Gupta jointly with Kailash Gupta.

Transaction Details

The share transfer, which took place on October 17, 2025, was a result of the partition of Amarnath Gupta HUF (Hindu Undivided Family). This off-market transaction involved no monetary consideration and falls under the exemption provisions of SEBI Takeover Regulations, thus not triggering an open offer requirement.

Impact on Shareholding

The inter-se transfer has led to a reshuffling of shares within the promoter group, without affecting the overall promoter shareholding. Here's a breakdown of the changes:

Regulatory Compliance

Premier Explosives has ensured full compliance with regulatory requirements:

1. The company filed the necessary reports under Regulations 10(5), 10(6), and 29(1) & 29(2) of the SEBI Takeover Regulations with both BSE Limited and National Stock Exchange of India Limited.
2. A fee of Rs. 1,77,000 (including GST) was paid to SEBI as per regulatory requirements.
3. The transaction was reported to SEBI within the stipulated 21 working days from the date of acquisition.

Market Implications

While this inter-se transfer doesn't change the overall promoter shareholding in Premier Explosives, it does consolidate Amarnath Gupta's individual stake in the company. Such moves often indicate a streamlining of promoter holdings.

Investors and market watchers may want to keep an eye on any subsequent announcements from the company that could provide insights into the rationale behind this restructuring of promoter holdings.

Premier Explosives Limited , a key player in the explosives industry, has announced a significant change in its shareholding structure. The company disclosed a transfer of 32,83,485 equity shares from Amarnath Gupta HUF to Mr. Amarnath Gupta jointly with Mrs. Kailash Gupta, both promoters of the company.

Transaction Details

The share transfer, which took place on October 17, 2025, was executed as part of a Hindu Undivided Family (HUF) partition. This move represents 6.11% of Premier Explosives' total share capital.

Impact on Promoter Holding

Following this transaction, the combined shareholding of Mr. Amarnath Gupta and Mrs. Kailash Gupta has seen a notable increase:

Company Overview

Premier Explosives operates with a total equity share capital of INR 10,75,22,390, comprising 5,37,61,195 equity shares, each with a face value of INR 2.

Regulatory Compliance

In compliance with regulatory requirements, Premier Explosives has submitted the necessary disclosures under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has also filed a report under Regulation 10(6) of the same regulations, citing the exemption under Regulation 10(1)(a)(ii) for this inter-se transfer among promoters.

This share transfer, while significant in terms of promoter holding, does not involve any change in the company's total outstanding shares or its management control. It represents an internal redistribution of shares among the promoter group, aligning with the partition of the Amarnath Gupta HUF.