Amisha Shahra has submitted a regulatory filing to stock exchanges regarding the proposed acquisition of equity shares in Ruchi Infrastructure Limited through a gift transaction from an immediate relative. The acquisition involves 76,00,000 equity shares, representing 3.22% of the company's total share capital.

Transaction Details

The proposed share transfer is structured as a gift from Ankesh Shahra to Amisha Shahra, both of whom are promoters and immediate relatives. The transaction is scheduled to take place on January 9, 2026, or later.

Regulatory Compliance

The transaction falls under the exemption provisions of Regulation 10(1)(a)(i) and (a)(ii) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, as it constitutes an inter-se transfer of shares among promoters who are also immediate relatives. This exemption allows the transaction to proceed without triggering an open offer requirement.

The filing supersedes an earlier submission made on December 6, 2024, under the same regulation for the identical lot of equity shares. The volume weighted average market price for the 60 trading days preceding the notice was ₹6.98 per share.

Shareholding Pattern Impact

The transaction will result in a redistribution of shares within the promoter group without affecting the overall promoter and promoter group shareholding percentages.

Filing and Documentation

Amisha Shahra has provided the requisite intimation to both BSE Limited and National Stock Exchange of India Limited, along with a copy to the compliance officer of Ruchi Infrastructure Limited. The filing includes all mandatory disclosures required under Regulation 10(5) of SAST Regulations and confirms compliance with applicable disclosure requirements under Chapter V of the Takeover Regulations.

Ruchi Infrastructure Limited has taken a significant step towards resolving its tax dispute with the West Bengal government. The company has applied for settlement under the West Bengal Tax on Entry of Goods into Local Areas Act, 2012, demonstrating its commitment to addressing outstanding financial obligations.

Key Details of the Settlement

Implications of the Settlement

This move by Ruchi Infrastructure Limited is noteworthy for several reasons:

1. Financial Prudence: By opting for settlement, the company is proactively managing its tax liabilities, potentially avoiding more significant costs in the future.

2. Regulatory Compliance: The settlement aligns with the company's commitment to resolving outstanding regulatory issues, which is crucial for maintaining good standing with government authorities.

3. Investor Confidence: Addressing tax disputes can positively impact investor perception, as it demonstrates the company's dedication to resolving financial uncertainties.

4. Operational Focus: Settling the dispute allows the company management to focus more on core business operations rather than ongoing legal matters.

The settlement covers 75% of the assessed liabilities without any additional interest or penalty charges, which could be seen as a favorable outcome for Ruchi Infrastructure Limited. This resolution may contribute to improved financial stability and clearer financial reporting in future periods.

Investors and stakeholders should note that this settlement marks a significant development in the company's ongoing efforts to streamline its tax affairs and strengthen its financial position in the state of West Bengal.

As the business environment continues to evolve, companies like Ruchi Infrastructure Limited must navigate complex tax landscapes. This settlement demonstrates the importance of proactive financial management and the potential benefits of engaging with tax authorities to resolve disputes efficiently.