Diwakar Finvest Private Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
EMAMIPAP · price
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Diwakar Finvest Private Limited, part of the promoter group of Emami Paper Mills, has reported an inter-se transfer of 10,93,751 equity shares (1.81% of the company's share capital) executed on 26 February 2026. Of these, 10,83,044 shares were transferred as gifts (no consideration) and 10,707 shares were bought in the open market at the prevailing price. The transfers happened between multiple promoter group members — major sellers included Suraj Finvest Private Limited, Radhe Shyam Goenka, and Sushil Kumar Goenka, while the main acquirers were Diwakar Finvest, Jayant Goenka, Manish Goenka, Mohan Goenka, and Sachin Goenka. As a result, Diwakar Finvest's holding rose from 27.03% to 27.05%, and individual family members' stakes were rationalised. The transaction is exempt from open offer obligations under Regulation 10(1)(a)(i) & 10(1)(a)(ii) of SEBI Takeover Regulations since it is an internal promoter group transfer.
This is a routine internal reshuffle of promoter family holdings with no change in the total promoter stake in Emami Paper Mills, so there is no material impact on shareholders or the stock price. It signals continued consolidation of shareholding within the Goenka/Agarwal promoter family, which is generally neutral for retail investors.