The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shailesh Daga
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Shailesh Daga, a promoter of Nirav Commercials Ltd, has acquired 41,383 equity shares (10.55% of the company's share capital) from three promoter group entities — Lalit Kumar Daga (16,583 shares), L.K. Daga & Sons HUF (17,140 shares), and Lalit Shailesh Daga HUF (7,660 shares) — by way of inter-se transfer/gift. Post this transaction, Shailesh Daga's individual holding rose to 50,343 shares (12.84%), while the other three transferors' holdings dropped to zero. The aggregate promoter and promoter group shareholding remains unchanged at 50,343 shares (12.84%), confirming this is purely an internal family restructuring with no impact on overall promoter ownership. The transaction qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011, so no open offer is triggered.
No material impact on shareholders or stock price — this is a consolidation within the promoter family with no change in total promoter ownership and no open offer obligation. Investors should note that promoter group entities have now restructured holdings into a single individual's name, which could give Shailesh Daga greater voting influence going forward.