MCG Private Family Trust has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
MASFIN · price
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MCG Private Family Trust, part of the promoter group of MAS Financial Services Limited, has acquired 4,84,70,442 equity shares (26.71%) of the company by way of transmission (2nd stage) from the Estate of Late Mr. Mukesh Chimanlal Gandhi, effective August 7, 2025. This follows the Will dated October 26, 2020, and the Probate granted on February 12, 2025, with Mr. Kamesh Gandhi appointed as Executor. The shares are being moved from the Estate to the Family Trust, meaning the overall promoter group shareholding remains unchanged but is now held under a different promoter-group entity. The acquirer is claiming exemption from making an open offer under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011.
This is an internal promoter group reshuffle, not a change in promoter group ownership. No open offer obligation arises due to the transmission exemption. Shareholders should note that effective control and promoter group shareholding remain the same, so there is no material impact on stock price or minority shareholder rights.