Comrade Appliances543921Promoter stake sell

Promoter to sell 18,90,000 shares, 24.30% stake, for Rs. 6.43 crore under share purchase agreement

Company received intimation on October 13, 2026 from Mr. Mehboob Alam, Promoter, about a Share Purchase Agreement (SPA) dated October 13, 2026.

By ScoutQuest · Wed 14 Oct 2026, 4:24 PM IST · 2 min read

Shares to be sold under SPA: 18,90,000 equity shares — 24.30% of the paid-up share capital
Consideration: Rs. 6.43 crore
Seller's holding: 22,83,705 equity shares or 29.36% of the paid-up share capital

The exchange headline describes this as a revised disclosure under Regulation 30A of SEBI (LODR) Regulations, 2015, made because of a clerical error.
The company says it received an intimation on October 13, 2026 from Mr. Mehboob Alam, Promoter of the company, about a Share Purchase Agreement (SPA) dated October 13, 2026 entered into by him.
The company states that it is not a party to that agreement.

Mr. Mehboob Alam holds 22,83,705 equity shares, representing 29.36% of the paid-up share capital of the company.
Under the SPA he has agreed to sell 18,90,000 equity shares, representing 24.30% of the current paid-up share capital.

The counterparties named are Omnia Appliances Private Limited, Graphic Promoters and Developers Private Limited, Amaira Estate Advisors LLP and MLJ Aeternum LLP, together referred to as the Acquirers.
The update states the Acquirers have no relationship with the company as on the date of the SPA.
It also states the Acquirers are not related to the promoter, promoter group or group companies.

The stated purpose of entering the agreement is the acquisition of substantial shares and control over the company.
The update states that pursuant to the completion of the open offer, the Acquirer, Omnia Appliances Private Limited, along with the other Acquirers under the open offer, will be classified into the promoter of the company.

The details and quantification of any restriction or liability imposed on the listed entity are stated as Nil.
The transaction is stated not to be a related party transaction.
No potential conflict of interest is stated.
On the question of issuance of shares to the parties, the disclosure is marked Not Applicable.

This is a promoter-level transfer of a large block of shares, described in the update itself as aimed at acquiring substantial shares and control over the company.
The size of the block, the identity of the buying entities and the price agreed between the parties are the key facts set out.
The update also indicates a change on the promoter side once the open offer is completed, with the Acquirer group to be classified as promoter.
The company is not a party to the agreement, so the transaction is between the seller and the Acquirers.

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