NSEGeneral Updates3d ago · 6 Nov 2026, 06:30 pm
General Updates
Axita Cotton Limited · AXITA
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Axitia Cotton Limited has informed the Exchange about Disclosure under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's promoter group member, Mrs. Gitaben Nitinbhai Patel, intends to acquire 3,98,70,411 equity shares of the company from her immediate relatives/promoter group members, Kushal Nitinbhai Patel, through an inter-se transfer. The acquisition is exempt from making an open offer under the said regulations.
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Axita Cotton Limited has informed the Exchange about Disclosure under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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AXITA_06112026182843_Disclosure-Regulation_10_5_N.pdf
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Date: 06-11-2026
To, To,
The Secretary, Listing Department The Manager-Listing Department
BSE Limited, The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
Street, Fort, Mumbai - 400001, Bandra Kurla Complex, Bandra (E), Mumbai -
Maharashtra, Bharat 400051, Maharashtra, Bharat
Subject: Submission of Disclosure under Regulation 10(5) of SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011
Respected Sir/Madam,
With reference to the captioned subject, we wish to inform you that the Company has received
a disclosure dated November 06, 2026, from Mrs. Gitaben Nitinbhai Patel, member of the
Promoter Group of the Company, pursuant to Regulation 10(5) read with Regulation 10(1)(a) of
the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, in respect of
the proposed acquisition of equity shares of the Company.
Accordingly, please find enclosed herewith the disclosure received from the aforesaid
acquirer, along with the relevant annexure, for your information and records.
You are requested to kindly take the same on record.
Thanking you,
Yours faithfully,
For, Axita Cotton Limited
Nitinbhai Govindbhai Patel
Chairman & Managing Director Date: 06-11-2026
DIN: 06626646 Place: Ahmedabad
Encl.: A/a
Date: 06-11-2026
To, To,
The Secretary, Listing Department The Manager-Listing Department
BSE Limited, The National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, 5" Floor, Plot No. C/1, G Block,
Fort, Mumbai - 400001, Maharashtra, Bandra Kurla Complex, Bandra (E), Mumbai -
Bharat 400051, Maharashtra, Bharat
Scrip Code: 542285 Scrip Symbol: AXITA
Subject: Intimation to Stock Exchanges in respect of proposed acquisition under Regulation 10(1)(a)
of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011- Disclosures
under Regulation 10(5)
Dear Sir/ Madam,
I intend to acquire from my Immediate Relatives/ PAC as an Inter-se Transfer among Promoters/ Promoter
Group, 3,98,70,411 Equity Shares of Axita Cotton Limited, a Company listed on the Exchange.
As per the provisions of Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011, I hereby confirm that, I am exempt from making an open offer under the said Regulations.
Accordingly, pursuant to Regulation 10(5), | am enclosing herewith the necessary intimation of the said
proposed acquisition as per the format prescribed, duly completed and signed.
Please take note of the same and do the needful.
Thanking you,
(a.nr- Feclol
Gitaben Nitinbhai Patel (Immediate Relative)
Acquirer/ Promoter Group
Date: 06-11-2026
Place: Ahmedabad
Encl. As above
Disclosures under Regulation 10(5)
Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011
1 | Name of the Target Company (TC) Axita Cotton Limited
2 | Name of the acquirer(s) Mrs. Gitaben Nitinbhai Patel
3 | Whether the acquirer(s) is/ are promoters of the TC | Promoter Group
prior to the transaction. If not, nature of relationship or
association with the TC or its promoters
4 | Details of the proposed acquisition
a. | Name of the person(s) from whom shares are t o | Mr. Kushal Nitinbhai Patel
be acquired
b. | Proposed date of acquisition Anytime after 4 working days from the date of
this intimation
c. | Number of shares to be acquired from each person | 3,98,70,411
mentioned in 4(a) above
d. | Total shares to be acquired as % of share capital | 10.42
of TC
Price at which shares are proposed to be acquired | NIL (Gift)
f. | Rationale, if any, for the proposed transfer Inter-se transfer among Promoter and Promoter
Group being immediate relative.
5 | Relevant sub-clause of regulation 10(1)(a) un der | General exemption under Regulation 10(1) (a) of
which the acquirer is exempted from making open | the SEBI SAST Regulations
offer
6 | If, frequently traded, volume weighted average mar ket | NA, due to transfer by way of gift.
price for a period of 60 trading days preceding the date
of issuance of this notice as traded on the stock
exchange where the maximum volume of trading in
the shares of the TC are recorded during such period.
7 | If in-frequently traded, the price as determined in | NA
terms of clause (e) of sub-regulation (2) of regulation
8 | Declaration by the acquirer, that the acquisition p rice | NA
would not be higher by more than 25% of the price
computed in point 6 or point 7 as applicable.
9 | Declaration by the acquirer, that the transferor and | Yes, the transferor and transferee have complied
transferee have complied / will comply with|/ will comply with applicable disclosure
applicable disclosure requirements in Chapter V of the | requirements in Chapter V of the Takeover
Takeover Regulations, 2011 (corresponding | Regulations, 2011
provisions of the repealed Takeover Regulations
1997)
10 | Declaration by the acquirer that all the conditi ons The acquirer hereby confirm that the conditions
specified under regulation 10(1)(a) with respect to specified under regulation 10(1){a) with respect
exemptions has been duly complied with. to exemptions has been duly complied with.
(2 1 fk
il Shareholding details Before the Proposed | After the Proposed
Transaction Transaction _
No. of % wor.t No. of % wort
Shares / Total Shares/ | Total
Voting Share Voting | Share
Rights Capital Rights Capital
of TC of TC
a | Acquirer(s) | Gitaben Nitinbhai Patel 1,27,58,065 3.33:| -5,26,28,476 |= = 13.95
on eee PAC- (Other Promoter Group
other than 3
Sellers) (*) Shareholding other than Acquirer)
Nitinbhai Govindbhai Patel 10,13 ,87,413 26.49 101387413 26.49
Amitkumar Govindbhai Patel 58 ,78,400 1.54 5878400 1.54
Pooja Kushal Patel 3 ,99,460 0.10 399460 0.10
Gitaben Amitbhai Patel 88,000 0.02 88000 0.02
Hemant Chandrakantbhai Patel 18 0.00 18 0.00
Lilavati Chandrakant Patel 18 0.00 18 0.00
b | Seller (s) | Kushal Nitinbhai Patel 3,98,70,411 10.42 0 0.00
(a.nr Fedbal
Mrs. Gitaben Nitinbhai Patel (Immediate Relative)
Acquirer/ Promoter Group
Date: 06-11-2026
Place: Ahmedabad
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
Annexure to Item No-11 above
Shareholding details before and after proposed Transaction
Shareholding details Before the proposed After the proposed
transaction transaction
No. of % wrt No. of % wrt
Shares / Total Shares / Total
Voting Share Voting | Share
Rights Capital Rights Capital
of TC of TC
Acquirer
1 | Gitaben Nitinbhai Patel 1,27,58,065 3.33 | 5,26,28476 1 1375
b PAC- (Other Promoter Group
Shareholding other than Acquirer)
Nitinbhai Govindbhai Patel 10,13, 87,413 26.49 | 10,13,87,413 26.49
Amitkumar Govindbhai Patel 58, 78,400 1.54 58,78,400 1.54
Pooja Kushal Patel 3 ,99,460 0.10 3,99,460 0.10
Gitaben Amitbhai Patel 88,000 0.02 88,000 0.02
Hemant Chandrakantbhai Patel 18 0.00 18 0.00
Lilavati Chandrakant Patel 18 0.00 18 0.00
Total (a+b) 12,05, 11,374 31.49 | 16,03,81,785 41.91
c Seller (s)
1 Kushal Nitinbhai Patel 3 ,98,70,411 10.42 0 0.00
Total (a+b+c) 1 6,03,81,785 41.91 | 16,03,81,785 41.91
C2. CSD
Mrs. Gitaben Nitinbhai Patel (Immediate Relative)
Acquirer/ Promoter Group
Date: 06-11-2026
Place: Ahmedabad