The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indiraben Desai
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Indiraben Pruthubhai Desai transferred 23,82,354 equity shares (31.04% of total capital) to her son Pankaj Pruthu Desai via an off-market inter-se gift transfer on 26 March 2026. The share credit was delayed until 7 April 2026 due to procedural/technical reasons, and the disclosure was filed on 8 April 2026. The transfer is entirely within the promoter group (mother to son), with no change in the aggregate promoter group's total holding. Total share capital of the company is Rs. 7.67 crore (76,76,008 shares at Rs. 10 each). Post-transfer, Indiraben holds NIL shares while Pankaj holds 31.04%.
No net change in promoter group holding; purely a family-level reorganisation of shares. The stock is unlikely to see any directional price reaction purely from this intra-group transfer, though the near-total exit of one promoter (Indiraben) may attract some scrutiny.