Apis India Ltd files SEBI Reg 29(2) disclosure of inter‑promoter share transfer

What Apis India announced

On 18 June 2026, Apis India Ltd submitted a disclosure to BSE under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records an inter‑se (inter‑shareholder) transfer of shares between two members of the promoter group – Mr. Amit Anand and Mrs. Sakshi Anand. The disclosure was signed by the company’s Chairperson and Director, Mr. Prem Anand, and is attached to the BSE filing dated 17 June 2026.

Details of the inter‑promoter transfer

The document submitted to BSE is a brief letter addressed to the Listing & Compliance Department of BSE. It states that a copy of the disclosures received from Amit Anand and Sakshi Anand is being forwarded as required by Regulation 29(1) and 29(2). No quantitative details such as the number of shares transferred, the consideration paid, or the percentage change in holdings are provided in the excerpt. The purpose of the filing is to place the transfer on record with the exchange, ensuring compliance with SEBI’s takeover code.

Regulatory framework – Regulation 29(2)

Regulation 29(2) of the SEBI (SAST) Regulations, 2011 obliges promoters and members of the promoter group to disclose any inter‑se transfer of shares that could affect control or voting power. The regulation aims to provide transparency to the market and protect minority shareholders by making such movements publicly known. Failure to disclose can attract penalties, making timely filing essential for listed entities.

Key facts at a glance

Why this matters for investors

The filing confirms that a share transfer has taken place within the promoter group, which could potentially alter the internal shareholding pattern, even though the exact magnitude is not disclosed. Investors monitor such disclosures to assess any shift in control dynamics or voting rights among promoters. Since the transfer is between two existing promoters, the overall promoter holding may remain unchanged, but the distribution of shares between Amit and Sakshi Anand could affect future decision‑making or voting outcomes.

Conclusion

Apis India Ltd has complied with SEBI’s disclosure requirements by filing a Regulation 29(2) notice for an inter‑promoter share transfer involving Amit and Sakshi Anand. While the filing does not reveal the size or financial terms of the transaction, it satisfies the regulatory mandate for transparency. The market will await any subsequent updates to the company’s shareholding pattern that reflect this internal movement.