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 inherited 6,00,000 equity shares (26.09%) of Mahshri Enterprises Pvt Ltd (MEPL), the promoter holding company of Aryaman Financial Services Ltd, through transmission from the late Mrs. Roopa S. Shah, who was part of the promoter group. As a result, Shripal Shah's stake in MEPL rose from 39.14% to 65.23%, making him the single largest shareholder and the natural person in control of MEPL and, indirectly, of Aryaman Financial Services. Importantly, the direct promoter group shareholding in the Target Company remains unchanged at 78,28,030 shares (63.92%), and MEPL's 62.45% stake in Aryaman Financial Services is also unchanged. There is no change in control of either the promoter holding company or the target company. The disclosure is filed purely as a procedural SAST compliance for the indirect acquisition.
No material impact on Aryaman Financial Services shareholders — this is an internal family transmission within the promoter group that reorganises ownership at the holding company level but leaves the target company's promoter shareholding and control completely unchanged. The stock price is unlikely to be affected.