Description
SEBI grants exemption under SAST Regulations 2011 for proposed acquisition of shares by Rohit Relan Family Trust in NDR Auto Components Limited.
Summary
SEBI has issued an exemption order under Regulation 11 of SAST Regulations 2011 for Rohit Relan Family Trust’s proposed acquisition of shares in NDR Auto Components Limited. The order addresses the application dated April 17, 2025, seeking exemption from mandatory open offer requirements under regulations 3 and 4 of SAST Regulations.
Key Points
- NDR Auto Components Limited incorporated on March 19, 2019, with shares listed on BSE and NSE
- Total issued share capital: INR 23,78,53,040 divided into 2,37,85,304 equity shares of INR 10 each
- Current promoter group shareholding: 73.13% (1,73,95,361 shares)
- Public shareholding: 26.87% (63,89,943 shares)
- Rohit Relan Family Trust established as irrevocable discretionary private trust on March 05, 2025
- Trust includes Rohit Relan and family members as settlors, trustees, and beneficiaries
Regulatory Changes
Exemption granted from mandatory open offer requirements under SAST Regulations for the proposed family trust acquisition structure.
Compliance Requirements
- Compliance with conditions specified in the exemption order
- Adherence to disclosure requirements as applicable
- Trust structure must remain as disclosed in the application
Important Dates
- Trust deed execution: March 05, 2025
- Application submission: April 17, 2025
- Order issuance: August 13, 2025
Impact Assessment
The exemption facilitates family wealth restructuring through trust mechanism without triggering mandatory open offer, maintaining existing shareholding pattern while enabling estate planning for the promoter family.
Impact Justification
Regulatory exemption for family trust acquisition affecting listed company shareholding structure