The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kamlesh V Shah
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Alkosign Ltd promoter Kamlesh V Shah has disclosed the receipt of 10,81,000 equity shares (15.02% of the diluted share capital) by way of gift from fellow promoter Naina Narendra Shah on June 21, 2025. The transfer is an inter-se transfer within the promoter group, exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations. As a result, Kamlesh V Shah's holding went from 1 share (0.00%) to 15.02%, while Naina Narendra Shah's holding dropped from 15.02% to nil. The prior disclosure under Regulation 10(5) was filed with BSE on June 21, 2025. No consideration was paid since it was a gift transaction.
This is a reshuffling of shares within the promoter family with no change in total promoter ownership, so there is no impact on the stock price or minority shareholders. It signals internal succession or estate planning among promoters.