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 has acquired 6,76,491 equity shares (15.52% of the company) of Neelkanth Limited through an off-market inter-se transfer by way of gift from her immediate relative, Bhavik Rashmi Bhimjyani, on February 23, 2026. Post-acquisition, Rashmi C Bhimjyani's individual holding rose from 40.30% (17,56,527 shares) to 55.82% (24,33,018 shares), while Bhavik Rashmi Bhimjyani's holding dropped from 15.57% to just 0.05% (2,000 shares). The total promoter and promoter group holding remains unchanged at 70.81%, as this transaction qualifies for the exemption under Regulation 10(1)(a)(i) of SEBI SAST Regulations for inter-se transfers among immediate relatives. The company's total equity share capital stands at Rs. 4,35,90,000 divided into 43,59,000 shares of Rs. 10 each.
This is a reshuffling of shares within the promoter family and does not change the aggregate promoter group stake or introduce any new external shareholder. For retail investors, this is largely a neutral event as control and promoter ownership remain intact; however, it concentrates voting power further in Rashmi C Bhimjyani individually, crossing the 50% mark.