The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Meher Vakil Taff
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Promoter and Managing Director Meher Vakil Taff received 2,20,000 equity shares (2.95% of share capital) as a gift at nil consideration from her mother Mrs. Shernaz Vakil, who is the Promoter and Chairperson & Whole-time Director of the company. The transfer was carried out as an off-market transaction on May 28, 2025, and disclosed under SEBI Insider Trading (Reg 7(2)) and Takeover (Reg 29(2)) Regulations. As a result, Meher Vakil Taff's holding rose from 1,45,000 shares (1.95%) to 3,65,000 shares (4.90%) of Dai-Ichi Karkaria. The total promoter group shareholding remains unchanged since this is purely an internal family rearrangement.
This is a non-market, zero-consideration transfer between promoter family members, so it has no material impact on the company's free float, promoter group control, or stock price. Investors should note no dilution or change in management control has occurred.