Mukesh Maganlal Shah, Jayen Ramesh Shah and Tushar Ramesh Shah 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.
FINEORG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Three promoter individuals — Mukesh Maganlal Shah, Jayen Ramesh Shah, and Tushar Ramesh Shah — each acquired 1,02,200 equity shares (total 3,06,600 shares, representing 1% of diluted share capital) from fellow promoter Anjali Kunal Patil. The transfer was off-market at Rs. 4,256 per share and took place on March 30, 2026. This qualifies as an inter-se transfer among qualifying persons under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011, exempting it from an open offer. Post-transaction, Anjali Kunal Patil's holding dropped from 7.49% to 6.49%, while each acquirer's stake rose by approximately 0.33 percentage points. Total promoter holding remains unchanged at 75%.
The transaction reallocates promoter shares within the group without changing overall promoter ownership. Anjali Kunal Patil's reduction below 7.5% is mildly negative from a control and sentiment perspective, though the total promoter holding stays at 75%.