The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tushar 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's promoter Tushar Suresh Shah has acquired 88,12,200 equity shares (8.14% of the company) from Madhu Suresh Shah through an inter-se transfer by way of transmission, with no consideration involved (treated as a gift/contribution among promoters). Post the 24 September 2025 transfer, Tushar Shah's stake rose from 20.42% to 28.56%, while Madhu Shah's entire 8.14% holding moved to zero. Including Persons Acting in Concert, the promoter group's combined holding increased from 20.62% to 28.76%. The transaction qualifies for exemption under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, meaning no open offer is triggered.
This is a non-cash internal reshuffle among the promoter family and does not change the total promoter control materially at the group level beyond reallocation. The market price is largely unaffected since no shares were traded and no money changed hands, though minority shareholders should note that the promoter group now sits at 28.76%, well below the 50% threshold.