Manjula Annamalai to acquire ~10.44 lakh shares (3.61%) from promoter Jaganmohan Manthena in inter-se transfer
Afcom Holdings: promoter Manjula Annamalai proposes to acquire ~10.44 lakh equity shares (3.61% of share capital) from fellow promoter Wg.
By ScoutQuest · · 2 min read
- Shares Proposed to be Acquired
- ~10.44 lakh equity shares (3.61% of share capital)
- Transfer Price
- Rs. 800/- per share
- Proposed Acquisition Date
- 28/10/2026
Promoter-to-promoter transfer
Afcom Holdings has informed BSE that Ms. Manjula Annamalai, an existing promoter, has intimated her proposed acquisition of ~10.44 lakh equity shares of the company from Wg. Cdr. Jaganmohan Manthena (Retd.), another existing promoter, by way of an inter-se off-market transfer.
The proposed date of acquisition is 28/10/2026 and the proposed price is Rs. 800/- per share. The shares proposed to be acquired equal 3.61% of the share capital of the company.
Exemption relied upon
The acquirer is relying on the exemption under Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which covers inter-se transfers amongst promoters and exempts the acquirer from making an open offer, subject to the conditions prescribed. The disclosure states that the acquirer has declared that all conditions specified under that regulation have been complied with and fulfilled for this acquisition.
How the holdings shift
- Acquirer and persons acting in concert (other than the sellers), as a group, before the transfer: 14.84% of the voting share capital of the company.
- The same group after the transfer: 18.45%.
- The seller, before the transfer: 4.47%.
- The seller, after the transfer: 0.86%.
Because the shares move from one existing promoter to another, the aggregate shareholding of the promoter and promoter group is expected to remain unchanged after the transfer.
Price reference in the disclosure
The company's shares are treated as frequently traded, and the volume weighted average market price for the 60 trading days preceding the notice is stated as Rs. 1450.07. The acquirer has also declared that the acquisition price will not be higher by more than the ceiling permitted over that computed price.
What a retail investor can take away
- This is a transfer within the promoter family or promoter group, not a sale to an outside investor; the total promoter and promoter group stake is expected to stay the same.
- The disclosure gives the size, price and before-and-after holdings, so the internal shift can be tracked: the acquirer group's stake is proposed to move from 14.84% to 18.45%, and the seller's from 4.47% to 0.86%.
- The update describes this as a proposed acquisition, with the acquisition date stated as 28/10/2026.
Also from Afcom Holdings
Promoter proposes to acquire 10,43,766 shares (3.61%) from co-promoter in off-market transfer
21 Oct 2026
Authorised Share Capital Raised to Rs. 40,00,00,000 via MOA Clause V Amendment
25 Sep 2026
Investor Presentation for 13th AGM Highlights FY26 Milestones and Fleet Expansion
25 Sep 2026
More numbers
- Equity shares proposed to be acquired10,43,766
- Shares to be acquired as % of share capital3.61%
- Price at which shares are proposed to be acquiredRs. 800/-
- 60 trading day volume weighted average market priceRs. 1450.07
- Acquirer and PACs holding before transaction14.84%
- Acquirer and PACs holding after transaction18.45%
- Seller holding before transaction4.47%
- Seller holding after transaction0.86%
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