The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Binani Industries Ltd has received a disclosure regarding an inter se transfer of 3,43,266 equity shares (1.095% of share capital) by way of gift from Mrs. Kalpana Brajbhushan Binani to her daughter Mrs. Nidhi Binani Singhania, both part of the promoter group. The transaction is scheduled on or after 23/05/2025 at nil consideration, as it qualifies as a private family arrangement between immediate relatives. As a result, Nidhi Binani Singhania's stake rises from 0.10% (31,900 shares) to 1.19% (3,75,166 shares), while Kalpana Brajbhushan Binani's holding drops from 4.38% (13,73,065 shares) to 1.095% (3,43,267 shares). The total promoter group shareholding remains unchanged, and the acquirer is exempted from making an open offer under Regulation 10(1)(a)(ii).
This is a neutral event for shareholders — no money changes hands, no change in total promoter holding, and no open offer obligation. It is purely a family reallocation within the promoter group, so it should have no material impact on the stock price or minority shareholder value.