Zenith Fibres promoter Pinky Rungta acquires 100,000 shares (2.54%) in inter‑se transfer

What Zenith Fibres announced

On 17 June 2026, Zenith Fibres Limited filed a disclosure with BSE under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing confirms that Mrs. Pinky Rungta, a promoter of the company, acquired 100,000 equity shares of Zenith Fibres from Alpha Stitch‑Art Pvt. Ltd. on 16 June 2026. The acquisition was executed as an inter‑se transfer among promoters and the promoter group, and it increased Rungta’s total shareholding to 34.38% of the diluted share capital.

Details of the acquisition

• Acquirer: Mrs. Pinky Rungta (promoter)
• Transferor/Seller: Alpha Stitch‑Art Pvt. Ltd.
• Number of shares acquired: 100,000 (2.54% of diluted share capital)
• Additional open‑market purchase: 3,500 shares (0.09%) on the same day, bringing the total shares bought on 16 June 2026 to 103,500.
• Aggregate consideration: Approximately Rs 51,87,500, translating to roughly Rs 51.88 per share.
• Date of acquisition: 16 June 2026
• Pre‑transaction holding of Pinky Rungta: 12,56,022 shares (31.85%)
• Post‑transaction holding of Pinky Rungta: 13,56,022 shares (34.38%)
• Pre‑transaction holding of Alpha Stitch‑Art: 4,50,000 shares (11.41%)
• Post‑transaction holding of Alpha Stitch‑Art: 3,50,000 shares (8.87%)

The filing also notes that the price paid did not exceed the limit prescribed under Regulation 10(1)(a) of the SEBI (SAST) Regulations.

Regulatory compliance

The acquisition falls under the exemption provided by sub‑clause (ii) of Regulation 10(1)(a), meaning an open offer to the remaining shareholders is not mandatory. The promoter had already complied with the earlier disclosure requirement under Regulation 10(5), filing that notice on 9 June 2026, well within the stipulated timeline. The current filing under Regulation 10(6) serves to record the actual acquisition details and confirm that the transaction adhered to the regulatory framework.

Shareholding impact

The inter‑se transfer materially altered the promoter’s stake in Zenith Fibres. Prior to the transaction, Pinky Rungta held 31.85% of the diluted share capital. After acquiring the additional 100,000 shares (plus the 3,500 open‑market shares), her holding rose to 34.38%. Conversely, Alpha Stitch‑Art’s shareholding fell from 11.41% to 8.87%. The overall shareholding pattern now reflects a higher concentration of equity in the hands of the promoter group, which may be relevant for corporate governance considerations.

Key facts at a glance

Why this matters for investors

The filing provides transparency on a significant promoter share purchase, confirming compliance with SEBI’s takeover regulations. Because the acquisition is exempt from a mandatory open offer, existing minority shareholders are not entitled to an immediate cash exit, but they gain visibility into the promoter’s increasing stake. A higher promoter holding can be interpreted as confidence in the company’s prospects, yet it also raises the concentration risk. Investors should note that the transaction was priced at Rs 51.88 per share, which may serve as a reference point for the market valuation at the time of the purchase.

Conclusion

Zenith Fibres Ltd recorded an inter‑se transfer whereby promoter Pinky Rungta bought 100,000 shares (2.54% of diluted capital) from Alpha Stitch‑Art on 16 June 2026, raising her total stake to 34.38%. The acquisition complies with SEBI’s Regulation 10(5) and 10(6) disclosure requirements and is exempt from an open offer under Regulation 10(1)(a). The filing updates the shareholding pattern and provides investors with a clear view of promoter concentration, while no further regulatory approvals are pending.

"The acquisition was made in accordance with the price limits prescribed under SEBI (SAST) Regulations, 2011."