NSEDisclosure under SEBI Takeover Regulations4d ago · 15 Sept 2026, 12:08 pm
Disclosure under SEBI Takeover Regulations
SRF Limited · SRF
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KAMA Realty (Delhi) Limited has submitted a disclosure under SEBI Takeover Regulations for the proposed acquisition of up to 32,00,000 equity shares of SRF Limited, representing up to 1.08% of the paid-up capital. The acquisition will not result in any change in control, management, or ultimate beneficial ownership of SRF Limited.
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Full Announcement
KAMA Realty (Delhi) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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KAMA REALTY (DELHI) LIMITED
Regd. Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor,
Mayur Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi- 110 091
CIN: U70101DL2007PLC160735, Tel. No: (+91-11) 49482870 , Fax No: (+91-11) 49482900
The Company Secretary BSE Limited National Stock Exchange of
SRF Limited Phiroze Jeejeebhoy Towers India Limited
Unit No. 236 & 237, DLF Dalal Street Mumbai-400001 Plot no. C/1, G Block, Bandra-
Galleria Mayur Place, Noida Email: Kurla Complex, Bandra (E)
Link Road, Mayur Vihar corp.relations@bseindia.com Mumbai-400051
Phase I Extn., Delhi-110091 Email-takeover@nse.co.in
Email: cs@srf.com
09.09.2026
Dear Sir/ Madam,
Sub: Intimation for proposed acquisition of equity shares of SRF Limited (“Target Company”)
under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,
2011
In Compliance with the provisions of Regulations 10(1)(a)(iii) read with Regulations 10(5) of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011, we wish to submit the disclosure
(as attached as Annexure I) with regard to the proposed acquisition of up to 32,00,000 equity shares
(representing up to 1.08% of the paid-up capital) of SRF Limited, by way of Inter-se transfer, from KAMA
Holdings Limited (“the Holding Company”) in one or more tranches through off-market transactions.
The proposed inter-se transfer of shares will not result in any change in the control, management or
ultimate beneficial ownership of SRF Limited. SRF Limited will continue to remain a subsidiary of KAMA
Holdings Limited, and there will be no change in the aggregate shareholding of the promoter and
promoter group in SRF Limited.
This is for your information and records.
Thanking you,
Yours faithfully,
For KAMA Realty (Delhi) Limited
Ekta Maheshwari
Director – DIN - 02071432
Encl: a/a
KAMA REALTY (DELHI) LIMITED
Regd. Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor,
Mayur Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi- 110 091
CIN: U70101DL2007PLC160735, Tel. No: (+91-11) 49482870 , Fax No: (+91-11) 49482900
Annexure-I
Format for Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of
acquisition under Regulation 10(1)(a) of Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011
1. Name of the Target Company (TC) SRF Limited
2. Name of the acquirer(s) KAMA Realty (Delhi) Limited
3. Whether the acquirer(s) is/ are KAMA Realty (Delhi) Limited is part of promoter group of
promoters of the TC prior to the the TC. KAMA Realty (Delhi) Limited being a wholly
transaction. If not, nature of relationship owned subsidiary of KAMA Holdings Limited (Promoter
or association with the TC or its of TC).
promoters
4. Details of the proposed acquisition
a. Name of the person(s) from whom KAMA Holdings Limited, Promoter of TC
shares are to be acquired
b. Proposed date of acquisition Any time after 4 working days from the date of this
Intimation but on or before 30th September 2026
c. Number of shares to be acquired Up to 32,00,000 Equity Shares
from each person mentioned in 4(a)
above
d. Total shares to be acquired as % of Upto 1.08%
share capital of TC
e. Price at which shares are proposed Closing price on trading day immediately prior to
to be acquired respective execution date of each tranche subject to
compliance with the limits provided in proviso (i) to
Regulation 10(1)(a) of SEBI SAST Regulations.
f. Rationale, if any, for the proposed To create self-sustainable profitability and facilitate
transfer business growth for the Company.
5. Relevant sub-clause of regulation Regulation 10(1)(a)(iii) of SEBI SAST Regulations.
10(1)(a) under which the acquirer is
exempted from making open offer
6. If, frequently traded, volume weighted The shares of the TC are frequently traded in terms of
average market price for a period of 60 Regulation 2(1)(j) of the SEBI SAST Regulations. The
trading days preceding the date of Volume weighted average market price for a period of 60
issuance of this notice as traded on the trading days preceding the date of issuance of this notice
stock exchange where the maximum as traded on the National Stock Exchange of India
volume of trading in the shares of the TC Limited where the maximum volume of trading in the
are recorded during such period. shares of the TC are recorded during such period, is Rs.
2710.70 per share.
7. If in-frequently traded, the price as Not Applicable
determined in terms of clause (e) of sub-
regulation (2) of regulation 8.
8. Declaration by the acquirer, that the We hereby declare that the acquisition price per share of
acquisition price would not be higher by SRF Limited (“TC”) for the proposed Transaction in each
more than 25% of the price computed in tranche would not be higher by more than 25% of the
point 6 or point 7 as applicable. price per share of TC computed in accordance with
Regulation 10(1)(a) of the SEBI (Substantial Acquisition
of shares and Takeovers) Regulations, 2011
KAMA REALTY (DELHI) LIMITED
Regd. Office: The Galleria, DLF Mayur Vihar, Unit No. 236 & 237, Second Floor,
Mayur Place, Noida Link Road, Mayur Vihar Phase I Extn, Delhi- 110 091
CIN: U70101DL2007PLC160735, Tel. No: (+91-11) 49482870 , Fax No: (+91-11) 49482900
9. Declaration by the acquirer, that the We hereby declare that we have complied (during 3
transferor and transferee have complied years prior to the date of proposed acquisition)/ will
(during 3 years prior to the date of comply with applicable disclosure requirements under
proposed acquisition) / will comply with Chapter V of the Takeover Regulations, 2011
applicable disclosure requirements in (Corresponding provisions of the repealed Takeover
Chapter V of the Takeover Regulations, Regulations 1997).
2011 (corresponding provisions of the
repealed Takeover Regulations 1997)
The aforesaid disclosures made during
previous 3 years prior to the date of
proposed acquisition to be furnished.
10. Declaration by the acquirer that all the We hereby declare that all the conditions specified under
conditions specified under regulation Regulation 10(1)(a) of SEBI (Substantial Acquisition of
10(1)(a) with respect to exemptions has shares and Takeovers) Regulations, 2011 with respect to
been duly complied with. exemptions have been duly complied with.
11. Shareholding details Before the proposed After the proposed
transaction transaction
No. of % w.r.t No. of shares % w.r.t
shares total /voting rights total
/voting rights share share
capital capital
of TC of TC
a Acquirer(s) and PACs (other than
sellers)(*)
Acquirer:
1. KAMA Realty (Delhi) Limited 0 0 Upto 32,00,000 1.08%
PACs (Other than sellers)
2. Mr. Arun Bharat Ram 87,500 0.03% 87,500 0.03%
3. Mr. Ashish Bharat Ram 25,000 0.01% 25,000 0.01%
4. Mr. Kartik Bharat Ram 25,000 0.01% 25,000 0.01%
b Seller (s)
1. KAMA Holdings Limited 14,88,45,000 50.21% 14,56,45,000# 49.13%
Total of (a+b) 14,89,82,500 50.26% 14,89,82,500# 50.26%
#Assuming inter-se transfer under this intimation happens for 32,00,000 shares
Note:
• (*) Shareholding of each entity may be shown separately and then collectively in a group.
• The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more
than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to
do so on behalf of all the acquirers.
For KAMA Realty (Delhi) Limited
Ekta Maheshwari- Director (DIN- 02071432)
Place: Gurugram
Date: 09-09-2026