The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Nirav Commercials Ltd reported an inter-se transfer of 80,366 equity shares (20.50% of total capital) among its promoter group via off-market Gift/Distribution Deed. Two promoter sons, Shailesh Daga and Raghav Daga, were the acquirers. Shailesh Daga received 41,383 shares (10.55%) on 30-JUL-2025 from Lalit Kumar Daga, L.K. Daga & Sons HUF, and Lalit Shailesh Daga HUF, taking his stake from 2.29% to 12.84%. Raghav Daga received 38,983 shares (9.94%) on 18-JUL-2025 from Lalit Kumar Daga, Sheela Daga, and Lalit Raghav Daga HUF, taking his stake from 4.24% to 14.18%. The sellers (Lalit Kumar Daga, Sheela Daga, and three promoter group HUFs) saw their holdings drop to zero. Aggregate promoter and promoter group holding remained unchanged at 27.02% as this is an internal family rearrangement exempt under Regulation 10(1)(a)(ii).
This is a non-event for minority shareholders — it's an internal family reshuffle via gift with no change in total promoter control, no open offer obligation, and no cash transaction. No material impact on stock price or minority shareholder interests expected.