The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Archit Aggarwal & Others
INNOVACAP · price
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Gian Parkash Aggarwal, a public category shareholder of Innova Captab, transferred 62,09,000 equity shares (10.85% of share capital) as a gift to his immediate relatives on June 4, 2025. The recipients include his son Archit Aggarwal (49,96,000 shares / 8.74%), wife Veena Devi (9,96,000 / 1.75%), and daughters, son-in-law, and brother's wife receiving the balance. All parties involved belong to the public category, and the transfer does not change the aggregate Promoter + Public shareholding of the company. Post-transfer, Gian Parkash Aggarwal's holding dropped from 21.65% to 10.80% of equity capital.
This is a personal wealth distribution within a family and not a change in the company's promoter or controlling structure. Shareholders should see no fundamental impact on the stock, as the total free float and promoter stake remain unchanged.