Brand Concepts Limited has received a report from Mr. Prateek Maheshwari, Member of Promoter group pursuant to Regulation 10(7) of SEBI (SAST) Regulations, 2011 in relation to off market ....
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Brand Concepts Limited received a disclosure report from Mr. Prateek Maheshwari (Member of Promoter Group) regarding an off-market inter-se transfer of 1,624,220 equity shares constituting 13.01% of the company's total shareholding. The shares were transferred from Mr. Pradeep Maheshwari, the Promoter of the Company, to Mr. Prateek Maheshwari via gift (no monetary consideration). The transaction was executed on May 8, 2026. As a result, 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 an inter-se transfer between immediate relatives, avoiding the requirement for an open offer. Required filings were submitted within prescribed timelines.
This is an intra-family transfer within the promoter group with no change in total promoter holding. The redistribution consolidates ownership within the Maheshwari family. No open offer is triggered, and the transaction has no immediate impact on minority shareholders or stock price.