EMAMIPAP NSE filing

Emami Paper Mills: Promoter group completes inter-se transfer of 10.93 lakh shares

The RealCase readLow impact Neutral

Diwakar Finvest Private Limited, part of Emami Paper Mills' promoter group, completed an inter-se transfer of 10.93 lakh shares (1.8079% stake). Most shares were transferred via gift, with a small portion traded on the open market. This transaction falls under SEBI Takeover Regulations exemptions.

Why it matters

The transaction involves an inter-se transfer of shares within the promoter group and is conducted under exemptions from open offer requirements. This typically has a limited direct impact on the company's operations, financials, or market perception.

The market read

The announcement is a routine regulatory filing regarding an inter-se transfer of shares within the promoter group and does not inherently indicate a positive or negative development for the company's operations or financial performance.

Diwakar Finvest Private Limited, on behalf of the acquirers and transferors belonging to the Promoter & Promoter group of Emami Paper Mills Limited, has submitted a disclosure under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved an inter-se transfer of 10,93,751 equity shares, representing 1.8079% of the total share capital. Of these, 10,83,044 shares were transferred through off-market gift without any consideration, and 10,707 shares were executed in the open market at the prevailing market price.

This acquisition was made in reliance upon the exemption under regulation 10(1)(a)(i) & 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, thus not requiring an open offer.

The disclosure details the transferors, including Smt. Santosh Goenka, Sri Aditya Vardhan Agarwal, Sri Harsha Vardhan Agarwal, Sri Radhe Shyam Goenka, Sri Sushil Kumar Goenka, and Suraj Finvest Private Limited. The acquisition date was February 26, 2026.

Following the transaction, the shareholding of Diwakar Finvest Private Limited increased slightly to 27.05% from 27.03%. Shareholding details for other promoter group members like Mansi Agarwal, Richa Agarwal, Usha Agarwal, Jayant Goenka, Manish Goenka, Mohan Goenka, Raj Kumar Goenka, and Sachin Goenka have also been updated. Correspondingly, the shareholding of the transferors has decreased.

Filing to action

What to do with a filing like this

Emami Paper Mills Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.

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Primary source

A plain-language summary of a public exchange filing by Emami Paper Mills Limited. Read the original for the full detail.

View original filing