The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Kumbhat Financial Services Ltd informed the BSE that Managing Director Sanjay Kumbhat will acquire 5,25,900 equity shares (9.87% of share capital) from eight other promoter/promoter group members through an off-market inter-se transfer. The largest transfers are from Madhu Kumbhat (1,88,300 shares, 3.53%), Vinay Kumbhat (1,57,300 shares, 2.95%), and Dilip Kumbhat (77,400 shares, 1.45%). As a result, Sanjay Kumbhat's individual holding will rise from 12.46% (6,63,790 shares) to 22.33% (11,89,690 shares). The aggregate promoter group holding remains unchanged, and the transfer is exempt from open-offer requirements under Regulation 10(1)(a)(ii). RBI prior approval has been obtained since the company is a listed NBFC.
No change in total promoter group ownership, so this is a neutral event for the stock price. However, it concentrates ownership under the Managing Director, which could strengthen his control and decision-making influence within the company.