Accel has informed that the Company has received an information of Inter-se transfer of shares (by way of gift) amongst the Promoters. This being an inter-se transfer of shares amongst Promoters [and also immediate relatives], the same falls within the exemption under Regulation 10(1)(a)(i) and (ii) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
The above information is a part of company’s filings submitted to BSE.