NSEGeneral Updates3d ago · 6 Nov 2026, 06:30 pm

General Updates

Axita Cotton Limited · AXITA

✦ AI SummaryRegulatory

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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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10

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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