Amin Amirali Rayani has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Amin Amirali Rayani has informed the exchanges about acquiring 15,36,000 equity shares (2.54% of total share capital) of Panama Petrochem Limited on March 5, 2026, by way of gift from Amirali Essabhai Rayani, an immediate relative and member of the promoter group. The transfer was made without any consideration (nil price) and qualifies for exemption under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. Post-transaction, Amin Amirali Rayani's holding in the company increased from 33,27,401 shares (5.50%) to 48,63,401 shares (8.04%), while the transferor's holding went from 15,36,000 shares (2.54%) to nil. The disclosure was made following an earlier intimation filed on February 17, 2026 under Regulation 10(5).
This is a reshuffling of shares within the promoter family and does not change the total promoter group's holding in the company. Since no money changed hands and there is no change in overall promoter control, this filing is procedural and is unlikely to have any material impact on the stock price.