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 promoter group member Mrs. Shradha Binani (daughter) is set to acquire 3,43,266 equity shares (1.095% of total share capital) from her mother Mrs. Kalpana Brajbhushan Binani by way of a gift, with no consideration involved. The transfer is scheduled on or after 23 May 2025 and is exempted from the open offer requirement under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, being a transfer between immediate relatives within the promoter group. After the transfer, Shradha Binani's holding rises from 0.03% (8,650 shares) to 1.12% (3,51,916 shares), while Kalpana Binani's holding drops from 4.38% to about 1.095%. Importantly, the total promoter group shareholding in Binani Industries remains unchanged as this is merely an internal family reshuffle.
No material impact on the stock price or overall promoter control — total promoter group holding stays the same and no money changes hands. This is purely a private family arrangement to reorganise shares between a mother and daughter.