The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bavel Singh & Others
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Awaiting price reaction for this filing.
IB Infotech Enterprises Ltd informed the BSE about an internal reshuffling of promoter family shares. Mr. Rajkumar Singh (transferor) sold 1,90,800 equity shares, representing 14.90% of the company's share capital, to his immediate relatives — Bavel Singh, Rita Singh, Shivani Singh, and Shivangi Singh — via open market at Rs. 366.09 and Rs. 364.09 per share on February 11, 2026. Post-transaction, Rita Singh individually crossed the 50% mark, moving from 45.39% to 50.07%, while Bavel Singh, Shivani Singh, and Shivangi Singh each saw their holdings rise to around 4.68–6.36%. The combined promoter group holding remains unchanged at about 65.85% of the company, as this is a transfer within the promoter family and no shares moved outside the group.
This is a neutral event for shareholders — it is merely a reshuffle among promoter family members with no change in total promoter control or free float. No open offer is triggered, and the stock price is unlikely to be materially affected.