Dhampur Bio Organics Limited — Others, 23-12-2024: Disclosure under SEBI Takeover Regulations

Dhampur Bio Organics Limited has announced a board meeting for the proposed acquisition of 36,18,107 equity shares via inter-se transfer among promoters. Mr. Gautam Goel will acquire 3,49,116 shares from Mr. Vijay Kumar Goel and 32,68,991 shares from Mrs. Deepa Goel, all occurring on or after December 31, 2024, at no cost, as part of a family arrangement.

This transfer increases Mr. Goel’s stake to approximately 11.84% of the total share capital. The move reflects the promoters' strategy to consolidate their holdings, which may foster greater control and stability within the company. Investor sentiment could shift positively due to increased insider ownership, signaling confidence in the company's future.