Puruant to Reg 30 read with Scedule III of SEBI (LODR) Regulations, 2015,. we would like to inform that the Company has received information from the promoter of the Company, regarding ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Neelkanth Limited informed the stock exchange that promoter Bhavik Rashmi Bhimjyani plans to transfer 6,76,491 equity shares (15.52% of paid-up capital) to his father Rashmi C Bhimjyani by way of gift, on or after February 23, 2026. The transfer is exempt from open offer requirements under Regulation 10(1)(a)(i) as it is an inter-se transfer between immediate relatives. After the transfer, Rashmi C Bhimjyani's individual holding will rise from 40.30% (17,56,527 shares) to 55.82% (24,33,018 shares), while Bhavik's stake will drop from 15.57% to just 0.05%. The aggregate promoter and promoter group holding remains unchanged at around 70.82% of the company.
This is a non-cash, internal reshuffle among the promoter family and does not change the total promoter group ownership, so it should have no material impact on minority shareholders or the stock price. It consolidates controlling ownership with Rashmi C Bhimjyani, who will cross the 50% individual shareholding mark.