The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhagchand Sukhwani
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Awaiting price reaction for this filing.
Promoter Mr. Bhagchand Gordhandas Sukhwani has filed a disclosure under SEBI Takeover Regulations for an inter-se transfer of shares (off-market) executed on 27 February 2026. Mr. Sukhwani's personal holding in the company reduced from approximately 18.49% to 9.48% of the paid-up capital, a decline of roughly 9 percentage points. However, the total promoter and promoter group holding remains unchanged at 31.29% (24,60,400 equity shares), confirming the shares were transferred to another member of the promoter group. The company's total equity share capital is 78,63,500 shares of Rs 10 each.
Since this is an inter-se transfer within the promoter group, overall promoter shareholding in Mahasagar Travels stays flat at 31.29%, so there is no change in promoter control. However, the reshuffling of holdings among promoter family members may signal internal restructuring. The stock price is unlikely to be materially impacted given no change in total promoter stake.