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.