Mitesh Kothari has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
KOTHARIPRO · price
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Mitesh Kothari acquired 800,000 shares of Kothari Products via inter-se transfer from other promoter group members — 200,000 shares from Deepak Kothari and 600,000 shares from Arti Kothari on March 27, 2026. The transaction was done at Rs. 64.17 per share, representing 1.35% of the company's diluted share capital. As a result, Mitesh Kothari's individual holding rose from 2.04% to 3.39%, while Deepak Kothari's and Arti Kothari's individual holdings declined slightly. The total promoter group holding remains unchanged at 74.99% of the share capital. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(ii) and 10(1)(a)(i) of SEBI (SAST) Regulations, 2011, as it is a transfer among existing promoters.
This is a routine internal reshuffling within the promoter family with no change in the total promoter stake (still 74.99%), so there is no material impact on minority shareholders or the stock price. No open offer obligation is triggered for public shareholders.