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, ....
BCONCEPTS · price
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Brand Concepts Limited has disclosed an inter-se transfer of 1,624,220 equity shares (13.01% of total shareholding) from Mr. Pradeep Maheshwari (Promoter) to Mr. Prateek Maheshwari (Member of Promoter Group and Managing Director). The transfer is via off-market inter-se transfer by way of gift with no monetary consideration. As a result, Mr. Prateek Maheshwari's holding increases from 11.03% to 24.04%, while Mr. Pradeep Maheshwari's holding decreases from 19.78% to 6.77%. The transaction falls under the exemption provided under Regulation 10(1)(a)(i) of SEBI SAST Regulations, which applies to transfers between immediate family members or relatives. The proposed transaction date is on or before 08th May, 2026.
This is an internal redistribution of promoter holdings within the Maheshwari family with no change in overall promoter group control. The significant increase in Prateek Maheshwari's stake may indicate succession planning or consolidation of promoter holdings. No open offer is required as the transfer qualifies for exemption.