Mukesh Bhandari has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Promoter Mukesh Bhandari has filed an annual disclosure confirming no new share encumbrances were created during FY 2025-26. Separately, under a Family Settlement Agreement dated 29th March 2025, Mukesh Bhandari will transfer 8,09,500 equity shares (6.35%) to Shailesh Bhandari via off-market transfer once the shares are free from any attachment or encumbrance. Additionally, Mrs. Jyoti Bhandari has executed a gift deed transferring 2,01,525 shares (approximately 1.58%) to Mrs. Reema Bhandari, with the transfer still under process.
These are intra-family promoter share transfers that will alter the shareholding composition. The 6.35% transfer from Mukesh to Shailesh Bhandari represents a significant change in promoter group holding. Shareholders should monitor for updated shareholding patterns once transfers are completed.