The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Haridas Thakarshi Kanani
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Promoter Haridas Thakarshi Kanani has disclosed an inter-se transfer of 61,53,887 equity shares (23.33% of paid-up capital) from his joint demat account held with Mrs. Beena Haridas Kanani (a Promoter Group member) into his individual/single demat account, executed as an off-market transaction on April 11, 2025. The price was nil, as this is an internal family restructuring rather than a market deal. The transaction is exempt from open offer obligations under Regulation 10(1)(a)(i) and 10(1)(a)(ii), and prior intimation was filed with the exchanges on March 29, 2025. The aggregate shareholding of the Promoter and Promoter Group remains unchanged before and after the transfer.
This is a purely administrative transfer of shares between accounts within the promoter family — there is no change in total promoter or promoter group ownership, so it has no impact on the stock price or shareholder value. Retail investors should view this as housekeeping, not as a signal of any buying or selling intent.