Disclosure under Regulation 29(1) and 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
INNOVACAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.2 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Public-category shareholder Mr. Gian Parkash Aggarwal gifted 62,09,000 equity shares (10.85% of Innova Captab's share capital) to seven of his immediate relatives on June 4, 2025. The largest recipients were his son Archit Aggarwal (49.96 lakh shares) and wife Veena Devi (9.96 lakh shares), with smaller amounts going to three daughters, a son-in-law, and his brother's wife. None of the recipients belong to the promoter/promoter group, so the transfer stays entirely within the public category. Gian Parkash Aggarwal's own stake fell from 21.65% to 10.80%, while the combined holding of the recipient group rose from a negligible 0.01% to 10.86%. Total promoter plus public shareholding of the company remains unchanged.
This is a routine family wealth-arrangement with no impact on promoter control or float. Investors should note the emergence of a new ~10.86% public-category shareholder group led by Archit Aggarwal, which now sits close to the regulatory disclosure thresholds and could attract market attention if they start trading the shares.