The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shripal Shah
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Promoter Shripal Shah has inherited 6,00,000 equity shares (26.09% stake) of Mahshri Enterprises Pvt Ltd (MEPL), the Ultimate Promoter Holding Company, by way of transmission from the late Mrs. Roopa S. Shah, a member of the promoter group. MEPL holds 62.45% in Aryaman Financial Services Ltd (AFSL), which in turn holds 74.28% (88,97,122 shares) in Aryaman Capital Markets Ltd (ACML). There is no change in the direct shareholding of the Target Company before and after this event, and there is no change in control of MEPL, AFSL, or ACML. The total voting capital of ACML remains at 1,19,77,126 equity shares. This is essentially an internal promoter-family reshuffle triggered by inheritance, with the promoter group's combined economic interest in ACML unchanged.
This is a routine internal promoter-group transmission with no change in control or direct shareholding of ACML. Shareholders should not expect any impact on stock price or ownership structure — the promoter group continues to hold 74.28% of the company as before.