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Suryalakshmi Cotton Mills Ltd. ( (IN:SURYALAXMI) ) has issued an announcement.
Suryalakshmi Cotton Mills Ltd. announced an inter-se transfer of shares among its promoter group, involving the transfer of 1,194,000 shares, representing a 6.35% holding, from Mr. Vedant Agarwal to M/s. L.N. Agarwal Family Trust. This transaction, which falls under the exemptions provided by SEBI regulations, does not alter the aggregate holding of the promoter group, maintaining the company’s current ownership structure. This move is in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and reflects internal restructuring within the promoter group without impacting external stakeholders.
More about Suryalakshmi Cotton Mills Ltd.
Suryalakshmi Cotton Mills Ltd. is a company operating in the textile industry, primarily engaged in the production of cotton and related products. The company is recognized as an export house and holds certifications such as IS/ISO 9001:2015 and ISO 14001:2015, indicating its commitment to quality and environmental management standards.
Average Trading Volume: 1,603
Technical Sentiment Signal: Sell
Current Market Cap: 1.12B INR
Find detailed analytics on SURYALAXMI stock on TipRanks’ Stock Analysis page.