Disclosure of Interse transfer of shares among the promoter and promoter group
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Kumbhat Financial Services Ltd has informed BSE about an inter-se transfer of 5,11,200 equity shares (9.6% of share capital) among its promoters and promoter group, proposed to happen on or after March 6, 2026. Promoter Sanjay Kumbhat is the sole acquirer, receiving shares from seven transferors including Madhu Kumbhat (1,88,300 shares / 3.53%), Vinay Kumbhat (1,57,300 / 2.95%), Dilip Kumbhat (77,400 / 1.45%), Pushpa Kumbhat (60,000 / 1.13%), Vardhaman Parekh (16,600 / 0.31%), Prem Kumbhat (10,800 / 0.2%) and Shankutala Kumbhat (800 / 0.02%). All transfers are by way of gift except Vardhaman Parekh's, which will be at a price within SEBI SAST Regulation 10(1)(a) limits. Sanjay Kumbhat's personal holding will rise from 12.73% to 22.32%, while the aggregate promoter and promoter group holding remains unchanged. As the company is an NBFC, it has obtained prior RBI approval for the transfer, and the transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii).
This is an internal family reshuffle with no change in total promoter group ownership, so there is no impact on overall promoter control or a mandatory open offer for minority shareholders. Sanjay Kumbhat's personal stake rises significantly (from 12.73% to 22.32%), which concentrates more voting power within one individual promoter.