Dishman Carbogen Amcis: 59.32% stake to move within promoter group

Agreement
Pharmaceutical services

Blacklitt Research29 October 20262 min read

Two empty glass test tubes lying on a plain grey surface, one with a few dark specks inside. — B.Lachner, via Wikimedia Commons (CC0). Illustrative image.

Dishman Carbogen Amcis (NSE: DCAL) has a share purchase agreement, dated 28 Oct 2026, under which Adimans Technologies LLP will sell its entire 59.32% stake to Aamanya AG, it said in a filing on 29 Oct 2026. Both parties belong to the promoter group, and the company says the transfer leaves the group's overall holding unchanged.

A block deal between two promoter group members

Adimans Technologies LLP proposes to sell 9,30,02,442 equity shares, representing 59.32% of the paid-up share capital, to Aamanya AG by way of a block deal. The sale is set out in the share purchase agreement dated 28 Oct 2026.

Closing is subject to customary conditions precedent, including any regulatory approvals if required. The consideration is to be paid on the closing date at the price set under the Block Deal Circular dated 30 Dec 2024, as amended by a SEBI circular dated 8 Oct 2025.

Each party has given customary representations and warranties on its authority and capacity. Any dispute is to be resolved by arbitration under the Arbitration and Conciliation Act, 1996, with the seat in Ahmedabad, Gujarat.

The company says control stays with the promoter group

The company says the transfer is an inter-se transfer within the promoter group, and that it is exempt from making an open offer under the SEBI takeover rules. The company is not a party to the share purchase agreement.

The company says the aggregate promoter and promoter group holding will not change after completion, and that management and control will continue with the promoter group. It also says it is making the disclosure in the interest of transparency, although the agreement may not strictly fall within the listing disclosure rule.

What the transfer means for Dishman Carbogen Amcis shareholders

For shareholders, the transfer is between two promoter group entities, and the company says the group's combined holding stays the same. The filing does not give the price per share, the total consideration, a closing date or the approvals needed, and it does not say what effect the transfer has on the company's results.

The next step is completion, which depends on the customary conditions and any regulatory approvals. The filing gives no date for completion.

At a glance

Item	Detail
Company	Dishman Carbogen Amcis Limited
Agreement	Share purchase agreement
Date of agreement	28 Oct 2026
Seller	Adimans Technologies LLP (promoter group)
Acquirer	Aamanya AG (promoter group)
Shares to be transferred	9,30,02,442 equity shares
Stake transferred	59.32%
Seller holding after completion	NIL
Mode	Block deal

Reference: Original filing (PDF)

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