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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Promoter Bhagchand G. Sukhwani is acquiring 78,500 shares (1.00% of share capital) from Shina Rajubhai Sukhvani (a Person Acting in Concert) at Rs. 6.70 per share, on or after February 27, 2026. Post-transaction, Bhagchand's individual holding rises from 8.49% (6,67,200 shares) to 9.48% (7,45,700 shares), while Shina's holding drops to NIL. The total promoter and promoter group aggregate shareholding remains unchanged at the same level, as this is an internal reshuffle within the promoter family. The transaction qualifies for an exemption from the open offer requirement under Regulation 10(1)(a)(ii) since Bhagchand has been classified as a promoter for over three years.
No material impact on overall promoter group ownership or stock price, as shares are merely being transferred between related promoter entities. Bhagchand's individual stake moves closer to the 10% disclosure threshold, which may invite minor scrutiny but is not a negative signal for shareholders.