Exemption order in the matter of Premier Explosives Ltd.
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What is this order about?
SEBI granted an exemption to AKS Family Trust for acquiring shares in Premier Explosives Ltd. without triggering open offer requirements under SEBI's takeover regulations.
Who it concerns
AKS Family Trust, Mr. Amarnath Gupta, Ms. Kailash Gupta, Ms. Shonika Prasad
What was found or directed
- Exemption granted from SAST Regulations 2011 provisions
- Acquirer Trust to acquire 41.33% shareholding
- No change in public shareholding (58.67%)
- Trustees and beneficiaries are promoters' family members
- Annual compliance certification required from independent auditor
- Trust deed must comply with SEBI Master Circular conditions
Points worth noting
- 41.33% shareholding acquisition
- No change in control or management
- Trustees and beneficiaries limited to promoter family
- Annual compliance reporting required
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KCV/CFD/18/2025-26 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2026-01-08
order_premier_explosives.pdf
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