The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shernaz Firoze Vakil
DAICHI · price
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Promoter and Chairperson Shernaz Firoze Vakil has transferred 2,20,000 equity shares (2.95% of total capital) of Dai-Ichi Karkaria Limited to Ms. Meher Vakil Taff, the Promoter & Managing Director and her immediate relative. The transfer was carried out as an off-market transaction by way of gift at nil consideration on 28 May 2025. As a result, Shernaz Vakil's individual holding has come down from 48.68% (36,27,169 shares) to 45.73% (34,07,169 shares). The shares remain within the promoter family group, so the overall promoter shareholding of the company is unchanged. The disclosure was filed under SEBI Insider Trading and Takeover Regulations.
Since this is an internal promoter-family gift with no change in total promoter shareholding, there is no material impact on the stock price or minority shareholders. However, Shernaz Vakil's individual stake has now slipped below the 50% mark.