BCONCEPTSNSEBrand Concepts LimitedMediumNeutral
Announced Thu, 21 May · 12:57 IST

Brand Concepts Limited has received a report from Mr. Prateek Maheshwari, Member of promoter group pursuant to Regulation 10(7) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations) in relation to off market inter-se transfer by gift of 1,624,220 (Sixteen Lakhs Twenty-Four Thousand Two Hundred and Twenty) equity shares of the Company from Mr. Pradeep Maheshwari, the promoter of the Company.

Promoter Stake BuyPromoter Stake Sell 1pctOwnership Changes View source PDF

BCONCEPTS · price

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Price reaction · full curve 14 horizons · vs prior close
-6.7%1-day move
₹226.20
prior close
₹210.50
base price
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AI summary

Brand Concepts Limited has received a disclosure report regarding an off-market inter-se transfer of 1,624,220 equity shares (13.01% of total share capital) from Mr. Pradeep Maheshwari (Promoter) to Mr. Prateek Maheshwari (Member of Promoter Group). The transfer was executed on May 8, 2026, by way of gift with no monetary consideration. As a result of this transaction, Prateek Maheshwari's holding increased from 11.03% to 24.04%, while Pradeep Maheshwari's holding decreased from 19.78% to 6.77%. The transaction qualifies for exemption under Regulation 10(1)(a)(i) of SEBI SAST Regulations as it is a transfer between immediate relatives within the promoter group. The required fees of INR 1,77,000 have been remitted, and all regulatory disclosures under Regulations 10(5), 10(6), and 10(7) have been filed within the prescribed timelines.

Likely market impact

This is a family-level stake reshuffling within the promoter group with no change in overall promoter holding. The transfer does not trigger an open offer requirement as it qualifies for exemption. Shareholders should note the redistribution of promoter holdings between family members.