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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Ms. Meher Vakil Taff, Promoter & Managing Director of Dai-Ichi Karkaria Ltd, received 2,20,000 equity shares (2.95% of total capital) as an off-market gift from Mrs. Shernaz Vakil, Promoter & Chairperson, on May 28, 2025. The transfer was made at NIL consideration as a natural love and affection gift between immediate relatives, triggering the Regulation 29(2) disclosure. After the transfer, Meher Vakil Taff's holding rose from 1,45,000 shares (1.95%) to 3,65,000 shares (4.90%) of the company. Since the shares moved within the promoter family, the overall promoter group stake in the company remains unchanged.
This is an internal promoter family reshuffle with no change in total promoter holding, voting control, or company cash flows. Retail shareholders are largely unaffected and the stock price is unlikely to see any meaningful impact from this disclosure.