The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Meghna Vikram Lodha & Others
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Meghna Infracon Infrastructure disclosed an inter-promoter group gift transfer of 8,00,000 shares (3.68% of diluted share capital) from Manju Jayantilal Lodha to three promoter group members: Meghna Vikram Lodha, Ishaan Lodha, and Naysaa Lodha. The transfer was made at NIL price (gift) to the daughter-in-law and grandchildren of the promoter. As a result, each acquirer's stake rose: Meghna Vikram Lodha from 6.10% to 7.33%, Ishaan Lodha from 4.77% to 6.00%, and Naysaa Lodha from 4.84% to 6.07%. Combined acquirer holding increased from 15.71% to 19.40%, while Manju Jayantilal Lodha's holding dropped from 3.68% to 0%. The disclosure was filed under Regulation 10(1)(a)(ii), which exempts intra-promoter transfers from the open-offer requirement.
This is an internal family wealth reshuffle with no cash transaction and no change in total promoter group holding, so there is no direct impact on minority shareholders or stock price. However, the combined promoter family stake now stands at 19.40%, nearing the 25% creeping acquisition threshold under takeover regulations.