Nahar Capital and Financial Services Limited has informed the Exchange regarding 'Intimation of proposed inter-se transfer of shares among the Promoter and Promoter Group pursuant to Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
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Promoter Mr. Jawahar Lal Oswal intends to acquire 13,38,173 equity shares (7.99% of share capital) from his wife and fellow promoter Mrs. Abhilash Oswal through an off-market inter-se transfer by way of gift, with no consideration involved. After the transfer, Mr. Jawahar Lal Oswal's holding will rise from 0.24% (40,012 shares) to 8.23% (13,78,185 shares), while Mrs. Abhilash Oswal's holding will drop from 7.99% to nil. The proposed date is on or after 12th June 2025. The aggregate shareholding of the Promoter and Promoter Group will remain unchanged before and after the transaction. The transfer qualifies for exemption from an open offer under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011, since it is within the promoter family.
This is a family arrangement between two existing promoters involving a gift of shares, so the total promoter group stake and overall shareholder structure remain unchanged. There is no material impact on the stock price or minority shareholders.