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 S. Shah has inherited 6,00,000 equity shares (26.09% stake) in Mahshri Enterprises Pvt Ltd (MEPL) from the late Mrs. Roopa S. Shah by way of transmission (inheritance). MEPL is the promoter holding company that holds 62.45% of Aryaman Financial Services Ltd. Following this, Shripal Shah's direct holding in MEPL increased from 39.14% to 65.23%, while Shreyas Shah's holding remains unchanged at 21.74%. Importantly, there is no change in the promoter group's overall shareholding in Aryaman Financial Services, which stays at 63.92% (78,28,030 shares). The filing explicitly states there is no change in control of either the promoter holding company or the listed target company.
This is a routine internal family transmission within the promoter group with no change in promoter shareholding or control of the listed company. Investors should not expect any impact on stock price or corporate control from this disclosure.