The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rashmi C Bhimjyani & PACs
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Promoter Rashmi C Bhimjyani received 6,76,491 equity shares (15.52% of total share capital) from fellow promoter Bhavik Rashmi Bhimjyani through an off-market inter-se transfer by way of gift on February 23, 2026. As a result, Rashmi's individual holding increased from 40.30% to 55.82%, while Bhavik's holding dropped from 15.57% to just 0.05% (2,000 shares). The aggregate promoter and promoter group holding remains unchanged at 70.81% before and after the transfer, as the transaction is an internal family rearrangement exempt under Regulation 10(1)(a)(i) of the SEBI Takeover Code. The total equity capital of the company is Rs. 4,35,90,000 divided into 43,59,000 shares of Rs. 10 each.
There is no change in the overall promoter group stake or voting power in the company, so this is essentially a neutral reshuffling of shares within the promoter family. Existing minority shareholders are not affected, and no open-market buying or selling pressure is created. The minor technicality of Rashmi crossing the 50% individual shareholding threshold does not trigger any takeover obligations due to the inter-se transfer exemption.