AHAfcom Holdings544224Promoter stake buy

Promoter proposes to acquire 10,43,766 shares (3.61%) from co-promoter in off-market transfer

Promoter Manjula Annamalai proposes to acquire 10,43,766 equity shares of Afcom Holdings, or 3.61% of its share capital, from Wg.

By ScoutQuest · Wed 21 Oct 2026, 5:34 PM IST · 2 min read

Shares to be acquired

10,43,766 equity shares, or 3.61% of its share capital

Proposed acquisition price

Rs. 800/- per share

Acquirer and PACs shareholding

42,91,161 shares (14.84%) before, 53,34,927 shares (18.45%) after

What the update says

• Manjula Annamalai, a promoter of Afcom Holdings Limited, proposes to acquire 10,43,766 equity shares from Wg. Cdr. Jaganmohan Manthena (Retd.), who is also a promoter of the company.
• The shares proposed to be acquired equal 3.61% of the share capital of the target company.
• The route is an inter-se off-market transfer amongst promoters, with a proposed date of acquisition of 28/10/2026.
• The price at which the shares are proposed to be acquired is Rs. 800/- per share.

Why no open offer is triggered

The disclosure is made under Regulation 10(5) in respect of an acquisition under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. That sub-clause covers inter-se transfers amongst promoters and carries an exemption from making an open offer. The acquirer has declared that the conditions for the exemption have been complied with and fulfilled.

How the shareholding moves

• Acquirer and persons acting in concert: 42,91,161 shares (14.84%) before the proposed transaction, and 53,34,927 shares (18.45%) after.
• Seller: 12,91,183 shares (4.47%) before, and 2,47,417 shares (0.86%) after.

The two rows together add up to the same total before and after the transfer, so the transaction reallocates shares within the promoter group rather than changing the group's combined holding.

Price reference in the update

• The volume weighted average market price for a period of 60 trading days preceding the date of the notice, on the exchange with the highest trading volume, is recorded as Rs.1450.07.
• The proposed acquisition price of Rs. 800/- per share is below that recorded average.
• The acquirer has declared that the acquisition price for the shares to be acquired will not be higher by more than 25% of the price computed in that point.

What it means for a retail reader

This is a notification of a proposed transfer between two people who are both promoters of the company. The economic ownership of the promoter group as a whole stays at the same level; only the split between the two promoters changes. The acquirer's individual stake, along with that of persons acting in concert, is shown as rising from 14.84% to 18.45%, while the seller's falls from 4.47% to 0.86%. The update states the transaction is proposed, at a proposed price, on a proposed date, so the details are as declared and not yet completed.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev