Pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), we are enclosing herewith the disclosures received by the Company under the said regulations.
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Mahip Industries has filed a SEBI insider trading disclosure under Regulation 7(2) of PIT Regulations. Whole-Time Director and promoter Rajiv Govindram Agrawal transferred 31,00,000 equity shares (16.11% of his holding) to promoter Mamta Rajiv Agrawal through an off-market gift deed on 13 March 2026, with intimation filed on 16 March 2026. As a result, Rajiv Agrawal's stake dropped from 47.58% (91,55,136 shares) to 31.47% (60,55,136 shares), while Mamta Agrawal's stake rose from 6.39% (12,28,528 shares) to 22.50% (43,28,528 shares). Both promoters share the same Ahmedabad address, suggesting they are family members. No cash was involved, and total combined promoter holding remains unchanged.
This is an internal reorganisation of shares within the promoter family and does not change total promoter ownership in the company. It is unlikely to have any material impact on the stock price, as no shares were sold in the open market.