The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Mr. Jignesh Ramniklal Sheth, Promoter and Managing Director of Multiplus Holdings Ltd, has informed the exchange about the proposed transmission of 4,69,000 equity shares (24.95% of paid-up capital) from his late wife Krishna Jignesh Sheth, who passed away in December 2013. As a result, his individual shareholding will rise from 4,66,500 shares (24.81%) to 9,35,500 shares (49.76%). The total promoter and promoter group holding will remain unchanged at 57.64%. The transaction is a transmission (inheritance), not a market purchase, and is exempt from open offer requirements under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011. The transmission is expected to be completed on or before 24th September 2025.
This is an internal transfer within the promoter family with no change in overall promoter control and no cash transaction involved, so it is unlikely to have any material impact on the stock price. However, it consolidates Jignesh Sheth's individual holding to just below the 50% control threshold, which slightly strengthens his individual grip on the company.