The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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This filing bundles several SEBI SAST disclosures from the promoter group of Jetking Infotrain Ltd spread across 2021 to 2024. In December 2021, three promoter group members — Siddarth S. Bharwani (32,000 shares), Avinash S. Bharwani (37,501 shares) and Harsh S. Bharwani (41,893 shares) — together bought about 1.11 lakh equity shares from the open market. Harsh Bharwani added another 24,000 shares in March 2022. On July 13–14, 2023, Suresh Gordhandas Bharwani reported an inter-se transfer/gift where he acquired 98,724 shares and sold 81,215 shares, nudging his holding from 3.05% to 3.17%. Most notably, on September 20, 2024, Suresh Bharwani sold 1,79,939 shares (3.05%) to other promoter group members via inter-se transfer, dropping his personal stake to just 7,336 shares (0.12%). The combined promoter group holding stood at 54.59% as of March 31, 2021, and the family also filed nil-encumbrance declarations under Reg 31(4) for FY21, FY22 and FY23.
The transactions are largely internal reshuffling within the promoter family rather than changes in overall promoter control, so shareholder structure remains stable. The open market purchases signal promoter confidence in the company at relatively low price levels, while the recent inter-se transfer is a housekeeping move among family members with no material impact on the stock.