The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Siddharth Vadodaria, Karan Vadodaria, Chhayaben Vadodaria
NILASPACES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Siddharth R Vadodaria and Karan R Vadodaria (both promoters) each gifted 68,00,000 equity shares (1.73% each, totaling 1.36 crore shares or 3.46%) to their mother Chhayaben R Vadodaria on 27 March 2026. The transfers were off-market gifts. After the transactions, both sons hold 0% while Chhayaben's holding increased from 1.09% (43 lakh shares) to 4.55% (1.79 crore shares). All three belong to the promoter group of Nila Spaces Ltd.
This is an intra-family reallocation within the promoter group with no change in aggregate promoter holding. However, Siddharth and Karan disposing of shares above the 1% threshold triggers disclosure requirements. The concentrated holding in Chhayaben may affect future decision-making dynamics within the promoter family.