Apcotex Promoter Plans Internal Transfer of Shares Among Promoter Group

Apcotex Industries Ltd ( (IN:APCOTEXIND) ) just unveiled an announcement.

Promoter Rita Ashok Parekh has notified the stock exchanges of her plan to acquire 62,280 shares, representing about 0.12% of Apcotex Industries Ltd’s share capital, from fellow promoters Mrs. Rita Ashok Parekh and Mrs. Janaki Parekh via an inter-se promoter transfer. The shares are to be transferred on March 18, 2026, without any consideration, under an exemption from the open-offer requirement, signaling an internal realignment of promoter holdings rather than a change in overall promoter control or external stake acquisition.

The transaction falls under Regulation 10(1)(a)(i) of SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011, with reference to the recent volume-weighted average market price on NSE. As this is an internal transfer among promoters at nil price and a small percentage of total equity, it is unlikely to materially affect minority shareholders but does clarify the intended restructuring of ownership within the promoter group and ensures compliance through prior disclosure to the exchanges.

More about Apcotex Industries Ltd

Apcotex Industries Ltd is an Indian company listed on BSE and NSE, operating in the specialty chemicals and polymers space. The company’s shares trade under the symbol APCOTEXIND on NSE and scrip code 523694 on BSE, indicating its presence in the public capital markets and regulatory oversight under Indian securities laws.

Average Trading Volume: 924

Technical Sentiment Signal: Sell

Current Market Cap: 18.97B INR

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