The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(i)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
PANAMAPET · price
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Panama Petrochem promoter Amin Amirali Rayani acquired 15,36,000 equity shares (2.54% of total share capital) from his father Amirali Essabhai Rayani on March 5, 2026, by way of a gift with no consideration. After the transfer, Amin's stake rose from 5.50% to 8.04%, while the transferor Amirali Essabhai Rayani's holding dropped from 2.54% to nil. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(i) as an inter-se transfer between immediate relatives within the promoter group. The total promoter group shareholding remains unchanged as the shares were merely reshuffled within the family.
No material impact on stock price or overall promoter control — this is an internal family restructuring via gift with no change in total promoter group holding or no cash involved.