Ayush Vardhan Singhania 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.
ESTER · price
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Ayush Vardhan Singhania, part of the promoter group of Ester Industries, acquired 7,56,285 equity shares (0.77% of voting rights) from Mr. Arvind Singhania through an off-market inter-se transfer by way of gift on 24th March 2026. The transaction was carried out under Regulation 10(1)(a)(i) & (ii) of SEBI Takeover Regulations, which exempts inter-se promoter transfers from the open offer requirement. Post-transaction, Ayush Vardhan Singhania's stake rose from 0.18% (1,78,033 shares) to 0.95% (9,34,318 shares), while Arvind Singhania's holding dropped to zero. The overall promoter group shareholding remains unchanged as this is a transfer within the promoter family. Wilemina Finance Corporation continues to be the largest promoter entity, holding 50.54% of the company.
No material impact on the company's total promoter holding or stock price, as this is merely a reshuffling of shares among promoter group members via a gift. Existing shareholders should note that control and promoter group ownership of Ester Industries remain unchanged.