The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shernaz Firoze Vakil
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Shernaz Firoze Vakil, Promoter and Chairperson of Dai-Ichi Karkaria Ltd, has transferred 2,20,000 equity shares (2.95% of total capital) to her daughter as an off-market gift at nil consideration on 28 May 2025. Her holding in the company decreased from 36,27,169 shares (48.68%) to 34,07,169 shares (45.73%). The shares remain within the promoter family group, as the recipient is an immediate relative. Total share capital of the company stood at Rs. 7.45 crore, unchanged by this transaction.
Since the shares were gifted to an immediate family member (daughter) within the promoter group, overall promoter control of the company is unaffected. However, Shernaz Vakil's personal stake has now fallen below the 50% mark, dropping to 45.73%, which is a notable change in the promoter's individual holding structure.