The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mayank Agrawal & PACs
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Promoter Mayank Agrawal transferred 1,63,31,915 shares (6.77% of equity capital) to Chandra Prakash Agrawal (his father, also a promoter) as a gift via off-market transaction on 22 December 2025. Separately, Ashutosh Agrawal transferred 86,04,248 shares (3.57%) to Santosh Kumar Agrawal. Both transfers were off-market gifts aimed at streamlining family assets within the promoter group. Despite the reshuffle, the total promoter and promoter group holding remains unchanged at 16,84,92,676 shares (69.83%) before and after the transaction. Chandra Prakash Agrawal's individual stake rose from 29.20% to 35.97%, and Santosh Kumar Agrawal's from 0.12% to 3.69%.
This is a neutral, internal promoter-family reshuffle with no change in total promoter shareholding or voting power. There is no impact on minority shareholders or the stock price, as no shares have changed hands outside the promoter group and no new capital has been deployed.