Time Technoplast: Inter-Se Transfer of Shares Between Promoter/Promoter Group
Time Technoplast Limited informed the NSE of an inter-se transfer of shares among its promoter and/or promoter group entities, accompanied by a structured report filed under the SEBI (SAST) Regulations 2011, Regulation 10(6). Such transfers between promoters are subject to disclosure and reporting obligations even though they typically do not trigger open-offer requirements. The filing indicates compliance with exchange and regulatory notification requirements for related-party shareholding movements.
Why it mattersIntra-promoter share transfers require SEBI Takeover Regulation disclosure even where control does not change; counsel must confirm exemption eligibility under Reg 10(6) and file the structured report within the statutory timeline.
SectorIndustrials
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