Inter-se gift transfer of 69.45 lakh shares (10%) among promoters, no change in total holding
HLEGLAS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Nilesh Khushalbhai Patel proposes to gift 69,45,474 shares (around 10 percent) of HLE Glascoat to Mr. Aalap Nilesh Patel, both belonging to the promoter and promoter group and being immediate relatives. The transfer will happen by way of a gift deed on or after August 31, 2026 as an off-market transaction. It qualifies as an exempt inter-se transfer under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations. The aggregate promoter and promoter group holding remains the same before and after the transfer.
Neutral for shareholders. A family reshuffle within the promoter group with no change in total promoter stake or control of the company.