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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Nirav Commercials Ltd filed a disclosure regarding an inter-se transfer of 80,366 equity shares (20.50% of total share capital) among the promoter/promoter group family members, executed via Gift/Distribution Deed under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations. Promoters Shailesh Daga and Raghav Daga (sons of Lalit Kumar Daga) acquired shares from Lalit Kumar Daga, Sheela Daga, L.K. Daga & Sons HUF, Lalit Shailesh Daga HUF, and Lalit Raghav Daga HUF. Shailesh Daga's stake rose from 2.29% to 12.84%, while Raghav Daga's stake increased from 4.24% to 14.18%. The aggregate promoter and promoter group holding remained unchanged at 27.02%, confirming this is a reshuffle of shares within the family rather than a change in overall promoter control.
No impact on shareholder value or stock price expected as the aggregate promoter holding remains the same at 27.02%. This is an internal family restructuring among the promoter group with no change in total promoter control of the company.