Announced Wed, 23 Jul · 17:31 IST

The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raghav Daga

Promoter Below 50pctOwnership Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Raghav Daga acquired 38,983 equity shares (9.94%) of Nirav Commercials Ltd via inter-se transfer/gift within the promoter family on 18-07-2025. The shares came from 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%). After this transfer, Raghav Daga's individual holding rose from 4.24% to 14.18%, while Sheela Daga and the HUF fully exited their positions. The aggregate promoter group holding remains unchanged at 18.41% before and after the transaction. As this is an exempt inter-se transfer under Regulation 10(1)(a)(ii), no open offer obligation is triggered.

Likely market impact

No impact on overall promoter shareholding or stock price — this is a family-level consolidation (appears to be a father/mother/HUF gifting shares to a son). The aggregate promoter stake stays at 18.41%, well below takeover thresholds, so minority shareholders are unaffected.