Shantanu Daga has submitted an exemption application to the Securities and Exchange Board of India (SEBI) under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding his acquisition of shares in Deepak Spinners Limited. The application, numbered 576, was filed on 03/04/2026 at 18:07:41.

Transaction Details

The acquisition involved the transfer of 428 equity shares representing 0.01% of the total share capital of Deepak Spinners Limited. The transaction was completed on 06/03/2026 through an inter-se transfer between members of the promoter group, structured as a gift from Asha Devi Daga to Shantanu Daga without any monetary consideration.

Shareholding Changes

Following the acquisition, Shantanu Daga's shareholding in Deepak Spinners Limited increased from 29615 shares (0.41%) to 30043 shares (0.42%). The seller, Asha Devi Daga, reduced her holding from 428 shares (0.01%) to zero shares.

Promoter Group Holdings

The transaction resulted in a marginal increase in the total promoter group shareholding from 45.94% to 45.95%. Key promoter group entities and their unchanged holdings include:

Regulatory Compliance

The exemption application was filed under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, which covers inter-se transfers among promoter group members. Shantanu Daga confirmed compliance with all conditions specified under this regulation and paid the required filing fees of ₹150000. The online transaction reference number for the payment is CUTICP41GGQ5WW.

Company Information

Deepak Spinners Limited is listed on the Bombay Stock Exchange and is located at 121 Industrial Area, Baddi Tehsil Nalagarh, Shimla, Himachal Pradesh. The company's shares are frequently traded with a volume weighted average price (VWAP) of 97.65 for the 60 trading days preceding the transaction.

Documentation and Disclosures

The acquirer filed the necessary disclosures with BSE Limited under Regulations 10(5) and 10(6) on 12/03/2026. While the Regulation 10(6) disclosure was made within the required timeline, the Regulation 10(5) disclosure was inadvertently delayed. All required documentation has been submitted to the stock exchange and SEBI as per the applicable regulations.

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.