Adit Gupta gets 9,82,500 shares on Ashok Sons HUF partition; his stake moves to 37.38%

SAST disclosure: Adit Gupta acquired 9,82,500 shares (5.13% of diluted share capital) from Ashok Sons HUF on its partition.

Fri 9 Oct 2026

Shares Acquired

9,82,500 shares (5.13% of diluted share capital)

Holding After Transaction

71,64,684 shares (37.38%), up from 61,82,184 shares (32.25%)

Date of Acquisition

3 June 2026

What the update says

AMD Industries Limited has submitted a disclosure under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in respect of an acquisition by Mr. Adit Gupta.

The rationale given in the update is the partition of the Ashok Sons HUF: the shares of that HUF were allocated to Mr. Adit Gupta, one of the co-parceners. The update adds that the Karta of the said HUF was Mr. Ashok Gupta, who is the father of Mr. Adit Gupta.

The numbers in the disclosure

• Shares acquired: 9,82,500
• Acquired shares as a percentage of diluted share capital: 5.13%
• Date of acquisition stated: 3 June 2026
• Price at which shares were acquired: NA
• Acquirer's holding before the transaction: 61,82,184 shares, 32.25%
• Acquirer's holding after the transaction: 71,64,684 shares, 37.38%
• Seller's pre-transaction holding: Ashok Sons HUF, 9,82,500 shares, 5.13%

Why there is no open offer

The update states that the acquirer is exempted from making an open offer under Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011.

It also records, against the question on whether disclosure of the proposed acquisition was required under Regulation 10(5), the answer "No".

How to read this as an investor

• The shares have moved from the HUF to one of its co-parceners, Mr. Adit Gupta, who the update identifies as the son of the HUF's Karta. The update describes this as an allocation on the partition of the HUF, not a purchase from the open market.
• Because the acquirer relies on the stated exemption, this transaction does not trigger an offer to other shareholders.
• For this acquirer, the shareholding shown in the update moves from 61,82,184 shares (32.25%) to 71,64,684 shares (37.38%).
• The transferor's pre-transaction holding is shown as 9,82,500 shares (5.13%), the same count that is shown as acquired.
• The disclosure is signed by the acquirer, as the format requires.

The figures above are as printed in the disclosure, so they can be reviewed directly against it.

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