On 10th April, 2025 the company has received report under Regulation 10(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Mrs. Mansi Narang.
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Mrs. Mansi Narang, a promoter of Max Heights Infrastructure Ltd, acquired 24,00,000 equity shares (15.38% of share capital) from Mr. Naveen Narang (her husband, also a promoter) via a gift deed executed on 25 March 2025 and completed on 27 March 2025. Post-transfer, Mansi Narang's stake rose from 2.46% (3,84,396 shares) to 17.84% (27,84,396 shares), while Naveen Narang's stake dropped from 24.75% (38,63,894 shares) to 9.38% (14,63,894 shares). No money was exchanged as the transfer was by way of a gift. The total promoter shareholding remains unchanged since this is an inter-se transfer within the promoter group. All required disclosures under SEBI SAST Regulations 10(5), 10(6), 10(7) and Insider Trading Regulation 7(2) have been filed with BSE and SEBI.
This is a reshuffle of shares within the promoter family with no change in overall promoter control or any cash flow involved. It is largely neutral for shareholders and should not materially affect the stock price since control and total promoter holding remain unchanged.