The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harish Kumar
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Awaiting price reaction for this filing.
Promoter Harish Kumar has transferred 2,18,084 equity shares, representing 20.99% of the company, to Deepak Kumar (a promoter group member) via an off-market inter-se transfer by way of gift on December 8, 2025. No consideration was paid — it is a pure gift transaction between members of the promoter family. The transfer is exempt under Regulation 10(1)(a) of SEBI SAST Regulations, 2011, so no open offer is triggered. The company's total equity share capital is 10,39,158 shares, and after this transfer Harish Kumar's holding in the company drops to zero.
This is essentially a reshuffling of ownership within the promoter family — total promoter group shareholding and control of the company remain unchanged. As no shares hit the open market and no money changed hands, this filing is unlikely to have any material impact on the stock price.