Urvashi Tilakdhar 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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Promoter Urvashi Tilakdhar will receive 25,45,373 shares (2.93% of share capital) as a gift from her immediate relatives Akshay Dhar (12,74,060 shares) and Aditi Dhar (12,71,313 shares) on 25 March 2026. The price is NIL since this is an inter-family gift aimed at consolidating holdings within the promoter family. The transaction is exempt from the open offer requirement under Regulation 10(1)(a)(i) of SEBI Takeover Regulations as it is an inter-se transfer between immediate relatives. Individually, Urvashi's holding will rise from about 6.77% to around 9.70%, but the overall promoter group stake remains unchanged at roughly 50.11%.
This is purely an internal family reshuffle with no cash involved and no change in the total promoter group ownership. There is no impact on the stock price or on minority shareholders, and no open offer trigger.