SKM Egg Products Promoter Buys 10,000 Shares, Raises Stake to 45.60%

Key Takeaways

SKM Egg Products Export (India) Limited disclosed that promoter SKM Shree Shivkumar acquired 10,000 equity shares through the open market.

The acquisition increased his shareholding from 45.58% to 45.60% of the company's equity capital.

The transaction took place on October 29, 2026, and was disclosed to the stock exchanges on October 30 under SEBI's takeover regulations.

SKM Egg Products Export (India) Limited informed the stock exchanges on October 30, 2026, that its promoter, SKM Shree Shivkumar, had acquired 10,000 equity shares of the company through an open-market transaction.

The purchase took place on October 29, 2026, increasing the promoter's stake to 45.60% from 45.58%.

The company disclosed the transaction under Regulation 29(2) of the Securities and Exchange Board of India's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

SKM Egg Products Promoter Shareholding After Acquisition

Before the transaction, SKM Shree Shivkumar held 2,40,02,278 equity shares, representing 45.58% of the company's share capital.

Following the purchase of 10,000 shares, the holding increased to 2,40,12,278 shares, equivalent to 45.60% of the company's equity capital.

The reported increase in percentage ownership was 0.02 percentage points.

The company's disclosure identifies the transaction as an open-market acquisition. It does not specify the purchase price or the total consideration paid for the shares.

No additional acquisition of warrants, convertible securities or other instruments carrying voting rights was reported as part of this transaction.

Share Capital Remains Unchanged

SKM Egg Products reported total equity share capital comprising 5,26,60,000 shares before and after the acquisition.

The purchase therefore involved a change in the ownership of existing shares rather than an issuance of new equity.

No change in the company's total number of outstanding equity shares resulted from the transaction.

The disclosure also states that the acquirer belongs to the promoter category.

The 45.60% figure represents the individual holding reported for SKM Shree Shivkumar. It should not be interpreted as the combined shareholding of every member of the company's promoter and promoter group.

Why Was the Acquisition Disclosed?

Regulation 29(2) of the SEBI Substantial Acquisition of Shares and Takeovers Regulations requires specified shareholders to disclose certain acquisitions or disposals of shares and voting rights.

The regulation forms part of the framework governing transparency in substantial share ownership and changes in voting interests of listed companies.

SKM Egg Products submitted the disclosure to the National Stock Exchange and BSE, where its shares are listed.

The filing records the acquisition date, number of shares purchased, method of acquisition and resulting shareholding.

It does not announce a change in control, a preferential allotment or a new corporate investment programme.

About SKM Egg Products Export (India) Limited

SKM Egg Products Export (India) Limited operates in the egg-processing industry, producing and supplying egg-based products for food and industrial applications.

The company is based in Erode, Tamil Nadu, and its equity shares are listed on the NSE under the symbol SKMEGGPROD.

The October 30 disclosure concerns a promoter's purchase of existing shares. It does not contain an update on quarterly earnings, revenue, order volumes or operating performance.

Following the transaction, SKM Shree Shivkumar's disclosed shareholding stands at 2,40,12,278 equity shares, representing 45.60% of the company's total equity capital.