Shantanu Daga has completed the acquisition of a significant stake in Longview Tea Company Limited through an inter-se transfer among promoter group members. The transaction involved the acquisition of 321750 equity shares representing 10.74% of the company's total share capital from Asha Devi Daga via gift without any monetary consideration.

Transaction Details

The share acquisition was executed on March 6, 2026, as an off-market inter-se transfer between members of the promoter group. The transaction was structured as a gift from grandmother to grandson without any exchange of consideration, qualifying for exemption under SEBI SAST Regulations.

Shareholding Changes

The transaction resulted in significant changes to the shareholding pattern of both parties involved. Shantanu Daga's stake increased substantially while Asha Devi Daga completely divested her holdings.

Promoter Group Holdings

The promoter group's collective shareholding remained unchanged at 44.37% post-transaction, with the shares being redistributed among existing members. Key promoter group members and their unchanged holdings include:

• Pradip Kumar Daga: 416609 shares (13.90%)
• Yashwant Kumar Daga: 132195 shares (4.41%)
• Nandini Daga: 88707 shares (2.96%)
• Jalpaiguri Holdings Private Limited: 165200 shares (5.51%)
• Mangalam Engineering Projects Limited: 52500 shares (1.75%)

Regulatory Compliance

The transaction was conducted under the exemption provisions of SEBI SAST Regulations, 2011, specifically Regulation 10(1)(a)(ii). All necessary regulatory filings were completed, including disclosures under Regulations 10(5), 10(6), and 29(1) & 29(2).

Company Information

Longview Tea Company Limited is listed on the Bombay Stock Exchange with its registered office located at Oswal Chamber, 5th Floor, 2 Church Lane, Kolkata, West Bengal. The company's total share capital stands at 2996500 equity shares. Notably, the company's shares are currently suspended on BSE Limited, as mentioned in the regulatory filings.

The transaction represents a strategic consolidation within the promoter group, with Shantanu Daga emerging as one of the significant individual shareholders in the company alongside the existing promoter group structure.

Shantanu Daga, a member of the promoter group of Longview Tea Company Limited, has filed the mandatory regulatory disclosure with BSE Limited regarding his completed acquisition of 3,21,750 equity shares representing 10.74% of the company's share capital. The disclosure, filed on March 12, 2026, was submitted under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction and Regulatory Filing Details

The share acquisition was completed on March 6, 2026, through a gift transaction from Asha Devi Daga, constituting an inter-se transfer between promoter group members. The transaction involved no monetary consideration and was executed under the exemption provided by Regulation 10(1)(a)(ii) of SAST Regulations for inter-se transfers among promoter group relatives.

Compliance and Disclosure Status

In the regulatory filing, Shantanu Daga acknowledged that while the disclosure was required under Regulation 10(5), it was inadvertently delayed. The formal disclosure was eventually filed with BSE Limited on March 12, 2026, providing complete details of the transaction and updated shareholding patterns as mandated by SAST Regulations.

Updated Shareholding Structure

Following the completion of the transaction, Shantanu Daga's individual shareholding has increased substantially from 2.50% to 13.24%, while Asha Devi Daga has completely divested her stake. The overall promoter group shareholding has been consolidated at 44.37%.

Promoter Group Holdings Distribution

The current promoter group structure shows Pradip Kumar Daga (Deceased) holding the largest individual stake at 13.90%, followed by Shantanu Daga at 13.24%. Other significant holdings include Jalpaiguri Holdings Private Limited at 5.51% and Yashwant Kumar Daga at 4.41%.

The transaction maintains compliance with SAST Regulations while consolidating shareholding within the promoter group. Longview Tea Company Limited remains listed on BSE Limited with a total equity share capital of 29,96,500 shares.