The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shripal Shah
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Shripal S. Shah has inherited 6,00,000 equity shares (26.09%) of Mahshri Enterprises Pvt Ltd, the promoter holding company of Aryaman Financial Services Ltd, through transmission from the late Mrs. Roopa S. Shah. Mahshri Enterprises holds a 62.45% stake in Aryaman Financial Services. As a result, Shripal Shah's stake in the promoter holding company rose from 39.14% to 65.23%, but there is no change in the direct shareholding of the promoter group in the target company, which remains at 63.92% (78,28,030 shares). The acquisition is by way of transmission without consideration, and there is no change in control of the company.
This is a routine family transmission of shares with no change in overall promoter control or direct shareholding in Aryaman Financial Services. Minority shareholders are not affected, and the stock price is unlikely to see any meaningful impact from this internal succession event.