The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tushar Suresh Shah
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KBS India Ltd disclosed an inter-se transfer of 88,12,200 shares (8.14% of share capital) between promoters on September 25, 2025. Promoter Madhu Shah transferred her entire 8.14% stake to Tushar Suresh Shah (Managing Director) through an off-market transaction executed via gift deed, with no consideration involved. Post-transaction, Tushar Shah's holding rises from 20.42% (2,20,96,880 shares) to 28.56% (3,09,09,080 shares), while Madhu Shah exits completely. The transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI SAST Regulations as both parties have been named promoters for over three years. The aggregate promoter group shareholding remains unchanged before and after the transfer, meaning overall promoter control is not affected.
Purely a family-level reshuffle of promoter stakes with zero impact on total promoter ownership or control of the company. Since no money changed hands and the promoter group's combined holding is unchanged, the stock price is unlikely to be materially affected.