The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
FINKURVE · price
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Promoter Mrs. Mohinidevi Kothari acquired 34,77,500 equity shares (2.48% of share capital) of Finkurve Financial Services Ltd from Mrs. Sohini Harakhchand Vardhan (Promoter Group) via gift. Mohinidevi is the sister of the seller. This is an inter-se transfer among promoters, exempt from open offer requirements under Regulation 10(1)(a)(ii). Post-acquisition, Mohinidevi's stake rose from 26.44% (3,70,25,493 shares) to 28.92% (4,05,02,993 shares), while Sohini's holding reduced to nil. Total promoter and promoter group shareholding remains unchanged. The transaction was executed via Gift Deed on June 24, 2025, and reported to BSE under Regulations 10(5), 10(6), 10(7), and 29(2) of SEBI SAST Regulations.
No material impact on overall promoter group holding or stock price, as this is a family reshuffle via gift between promoter relatives. The acquirer's individual stake crosses the 26% threshold but total promoter control is unchanged, meaning no change in management or control dynamics.