Intimation under Regulation 29(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as received from Promoter
Price
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Mrs. Rajni Seth, a promoter of My Money Securities Ltd, acquired 1,37,050 equity shares (face value ₹10) through transmission following the demise of her husband and co-promoter, Mr. Govind Narain Seth. As a result, her individual shareholding rose from 7,90,300 shares (4.70%) to 9,27,350 shares (5.52%) of the company's paid-up equity capital, crossing the 5% disclosure threshold under SEBI Takeover Regulations. The company clarified that no open offer obligation is triggered since the acquisition qualifies as inheritance under Regulation 10(1)(g). Importantly, there is no change in the aggregate shareholding of the Promoter and Promoter Group, as the shares were simply transferred within the promoter family.
This is a routine inheritance-driven transmission within the promoter family with no change in total promoter group holding. No impact on stock price or minority shareholders is expected, and no open offer obligation arises.