In continuation to prior intimation submitted under Regulation 10(5) dated 23.06.2025, the company has received the disclosure under regulation 10(6) for the acquisition made by the acquirer.
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Nirav Commercials Ltd has reported an internal share transfer within the promoter family. A total of 38,983 equity shares (9.94% of the company) were transferred to promoter Raghav Daga on 18 July 2025 through off-market gift/distribution deeds. The shares came from three transferors — Lalit Kumar Daga (1,983 shares, 0.51%), Sheela Daga (19,500 shares, 4.97%), and Lalit Raghav Daga HUF (17,500 shares, 4.46%). As a result, Raghav Daga's individual stake in the company jumped sharply from 4.24% (16,620 shares) to 14.18% (55,603 shares). Importantly, the aggregate promoter and promoter group holding remains unchanged at 72,186 shares (18.41%) before and after the transfer. Since this is an inter-se transfer among immediate relatives within the promoter group, it qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, and no open offer is triggered.
This is purely a family restructuring of promoter holdings, so there is no change in total promoter control and no impact on minority shareholders. Retail investors should note that promoter shareholding has been consolidated under Raghav Daga, which could centralise decision-making but does not change voting power at the promoter-group level.