In a significant development within the promoter group of Thakkers Group Ltd (formerly known as Asian Food Products Limited), Jitendra Manohardas Thakker has acquired a substantial stake from his brother through an inter-se transfer. The transaction, executed on October 14, 2025, involves the transfer of 75,000 equity shares, representing 4.74% of the company's diluted share capital.

Transaction Details

The shares were transferred from Narendra Manohardas Thakker to Jitendra Manohardas Thakker through a gift deed. This inter-se transfer among immediate relatives and promoter group members qualifies for exemption under SEBI regulations, specifically under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Impact on Shareholding

The transaction has resulted in significant changes to the shareholding structure within the promoter group:

Regulatory Compliance

The company has complied with the necessary regulatory requirements:

1. A prior intimation was filed under Regulation 10(5) on September 29, 2025.
2. The disclosure of the proposed acquisition was made within the timeline specified under the regulations.
3. A detailed disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was submitted on October 16, 2025.

Promoter Group Shareholding

Despite the internal transfer, the total promoter group shareholding remains unchanged at 56.09% of the company's diluted share capital. This includes both individual holdings and shares held through various private limited companies within the promoter group.

Company Background

Thakkers Group Ltd, listed on the BSE Limited, has undergone a name change from its former identity as Asian Food Products Limited. The company's shares are traded under the ISIN code INE04VT01017.

This inter-se transfer highlights the dynamic nature of shareholding patterns within promoter groups and demonstrates the importance of transparent disclosures in maintaining market integrity. Investors and market participants are advised to take note of this change in the company's promoter shareholding structure.

Thakkers Group Ltd, a company listed on the BSE Limited, has reported a significant change in its promoter shareholding structure. Jitendra Manohardas Thakker, a member of the promoter group, has acquired a substantial stake in the company through a gift transfer from his sister.

Key Details of the Transaction

Impact on Shareholding

The inter-se transfer has resulted in a reshuffling of shares within the promoter group:

Regulatory Compliance

This transaction is classified as an inter-se transfer among immediate relatives within the promoter group. As such, it is exempt from open offer requirements under applicable regulations.

Overall Promoter Holding

Despite the internal transfer, the collective shareholding of the promoter and promoter group remains unchanged at 56.09% of the company's total share capital.

Company Background

Thakkers Group Ltd, formerly known as Asian Food Products Limited, is a BSE-listed entity. The substantial promoter holding suggests it may be a closely-held business with significant family ownership.

This share transfer highlights the dynamic nature of promoter holdings in Indian listed companies and underscores the importance of monitoring such transactions for potential impacts on corporate governance and control structures.