Vadivarhe Speciality Chemicals Limited — Others, 18-12-2024: Disclosure under SEBI Takeover Regulations

Mrs. Meena Sunil Pophale has acquired 60,32,625 equity shares of Vadivarhe Speciality Chemicals Limited as a gift from her husband, Mr. Sunil Haripant Pophale, the company's promoter. This transfer, accounting for 47.19% of the diluted share capital, is exempt from the open offer requirement under SEBI regulations. Post-transaction, Mrs. Pophale holds 60,38,000 shares, representing 47.24% of the total capital. This internal share transfer may strengthen the promoter's family control over the company and could be viewed positively by investors, as it highlights strong family ties in governance.