The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shailesh Shah
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Shailesh Shah, classified as part of the promoter group of Monarch Networth Capital Ltd, has filed a SAST Regulation 29(2) disclosure with the BSE and NSE on July 28, 2025. The disclosure covers an off-market transaction involving the gifting of 1,00,000 equity shares (0.13% of the company's paid-up capital) to a relative. As a result of this transaction, Mr. Shah's individual shareholding has reduced from 14,07,000 shares (1.78%) to 13,07,000 shares (1.65%). The company's total equity share capital remains unchanged at 7,92,37,338 shares of Rs. 10 each (diluted: 7,94,60,938). Because shares were transferred within the promoter family as a gift, the overall promoter group holding of the company is unlikely to be materially affected.
Minor technical reduction of 0.13% in Mr. Shah's personal holding; being an intra-family gift, this has no material effect on promoter group ownership or shareholder value. Unlikely to have any meaningful impact on the stock price.