The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sanjay Kumbhat
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Managing Director Sanjay Kumbhat acquired 511,200 shares (9.6% stake) from other promoters including Madhu Kumbhat, Vinay Kumbhat, Dilip Kumbhat, Pushpa Kumbhat, Prem Kumbhat, Shankutala Kumbhat, and Vardhaman Parekh. The transaction was completed on March 30, 2026. Most shares were transferred by way of Gift, with no monetary consideration. This represents an intra-family consolidation of promoter holdings, with Sanjay Kumbhat's stake increasing from 12.73% to 22.33%. The transaction qualifies for exemption under Regulation 10(1)(a) of SEBI SAST Regulations and does not trigger an open offer obligation.
This is a reorganisation of promoter shareholding within the Kumbhat family with no change in control or management. It consolidates the family's equity interest in the company under one member, potentially simplifying governance. No immediate impact on minority shareholders or stock price expected.