Rita Ashok Parekh has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Rita Ashok Parekh has informed the exchanges about a proposed inter-se transfer of 62,280 shares (0.12% of total share capital) from Mrs. Rita Ashok Parekh and Mrs. Janaki Parekh to herself. The transfer is being done without any consideration (Nil price). As a result, Rita Ashok Parekh's holding will rise from 2,52,970 shares (0.49%) to 3,15,250 shares (0.61%). The acquisition is scheduled for 18 March 2026 and is exempt from the open offer requirement under Regulation 10(1)(a)(i) of SEBI Takeover Regulations. The 60-day VWAP on NSE was Rs. 364.16, though no actual price is being paid.
This is a minor internal reshuffle within the promoter family and does not change the overall promoter group stake in the company. It is unlikely to have any meaningful impact on the stock price as it is essentially a bookkeeping consolidation of holdings among related promoters at zero cost.