Madhav Bansidhar Shriram has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Madhav Bansidhar Shriram will receive 46,43,075 shares (5.34% of share capital) as a gift from his wife Divya Shriram (36,47,854 shares) and sons Uday Shriram (9,61,628 shares) and Rohan Shriram (33,593 shares) on 13/03/2026. The transaction is at NIL price, classified as an inter-se transfer between immediate relatives under Regulation 10(1)(a)(i), exempting the acquirer from making an open offer. As a result, Madhav B. Shriram's personal holding will rise from 38,947,040 shares (44.77%) to 43,590,115 shares (50.11%), crossing the 50% threshold. The purpose stated is consolidation of family holding within immediate relatives.
Neutral to slightly positive for the stock — this is purely a family-level reorganization with no change in ultimate promoter control or cash outflow, though Madhav B. Shriram's individual holding now crosses the 50% mark, which may reduce the free-float marginally.