Disclosure under Regulation 10(5) in respect of the acquisition under regulation 10(1)(a) of SEBI(SAST), Regulations 2011 by the Acquirer submitted to the Company.
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Nirav Commercials Ltd has informed the stock exchange about an inter-se transfer of 80,366 equity shares (20.50% of share capital) among members of the promoter and promoter group. The shares are being gifted/transferred from Lalit Kumar Daga, Sheela Daga, and three Daga family HUFs to the two sons, Shailesh Daga and Raghav Daga. Post-transfer, Shailesh Daga's holding rises to 50,343 shares (12.84%) and Raghav Daga's to 55,603 shares (14.18%). The transaction qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations as it is an off-market gift/transfer deed between immediate relatives within the promoter group. The aggregate promoter and promoter group holding remains unchanged at 1,05,946 shares (27.02%) before and after the transfer.
No change in total promoter ownership or voting power, so there is no impact on minority shareholders or stock price. This is essentially a restructuring within the promoter family to consolidate holdings in the next generation, with no open offer obligation triggered.