Please find the attached system driven disclosure about promoter acquiring 5,50,000 shares from open market on 1st March 2023. While it seems like a good news, there is an eerie similarity of this with the LLP acquisition notification that came on 4th April last year where SKR acquired 4 LLP’s and classified them under promotor category. In both cases, the news was about acquiring new shares, but the hidden update was that the # of shares held PRIOR to the acquisition. I had raised an alert about reduced promotor shares number (prior to acquisition)and was viewed as scare mongerer. But later in April, when the latest SHP came, promoter had re-stated their promotor shareholding and that remains shrouded mystery till date. This SAST system driven disclosure also has the same characteristics. The # of shares held PRIOR to the said acquisition is stated as ZERO, whereas as per the Dec 2022 SHP, Sarita Commo Sales has had 10,41,66,666 shares. So, if the # of shares prior to this acquisition is ZERO, then what happened to the 10,41,66,666 shares that was held by Sarita Commo Sales LLP as of Dec 31st 2022. There was a trading window closure for Promotors and insiders from 1st Jan 2023 till 48 hours after the publication of Q3 result on 04th Feb 2023. I had searched in exchange notifications and could not find any update w.r.t any selling by insiders. So, what happened to these 10.41 crore shares?
