Steelcast Limited — Others, 25-11-2024: Disclosure under SEBI Takeover Regulations

Rushil C. Tamboli and Vidht S. Merchant have reported an inter-se transfer of shares in Steelcast Limited from Mr. Chetan M. Tamboli. This transaction involves the acquisition of 200,000 shares, representing approximately 0.988% of the total diluted share capital. The shares were transferred as a gift without monetary consideration. Following this transaction, Tamboli and Merchant each hold 100,000 shares. This strategic move could enhance control within the family ownership, potentially stabilizing governance. Investors might view this as a positive outlook for alignment among major stakeholders, signaling confidence in the company's future.