Chintan Parikh Family Trust No.1 ,Chintan Parikh Family Trust No.2, Chintan Parikh Family Trust No.3 have submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
ASHIMASYN · price
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Three Chintan Parikh Family Trusts (No. 1, 2, and 3), part of the promoter group, acquired a total of 2,87,40,000 equity shares (4.995% of share capital) of Ashima Limited from Mrs. Shefali Chintan Parikh on 25th June 2025. Each trust received 95,80,000 shares, translating to a 4.998% stake per trust post-transaction. The transfer was made without any consideration as a way of settling shares into the family trusts. Mrs. Shefali Chintan Parikh's holding dropped from 2,88,28,762 shares (15.042%) to just 88,762 shares (0.046%). This is an inter-se transfer within the promoter group under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, exempting the acquirers from making an open offer.
This is an internal restructuring within the promoter group with no change in aggregate promoter shareholding and no cash transaction, so there is no direct impact on the stock price or minority shareholders. It signals estate/succession planning by the promoter family but does not affect company control or operations.