The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahesh Sohanlal Jhawar & PACs
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Mahesh Sohanlal Jhawar, Managing Director and Promoter of Dhanlaxmi Cotex Ltd, has disclosed the acquisition of 78,900 equity shares (1.62% of paid-up capital) as a gift from his real son Mr. Rahul Mahesh Jhawar through an off-market transfer on 25 November 2025. His individual holding in the company has risen from 32,63,768 shares (67.00%) to 33,42,668 shares (68.62%) of the total equity share capital of 48,71,350 shares. The combined holding with Persons Acting in Concert (which includes family members, HUFs, and a family trust) has moved correspondingly. No encumbrance, warrants, or convertible securities are involved, and no cash consideration has changed hands since this is an inter-family gift.
This is an internal family re-arrangement of promoter shares (gift from son to father) with no change in overall promoter group control or any cash outflow. Shareholders are unlikely to see any material impact on the stock price, as the combined promoter stake remains within the same family circle.