Promoter raises stake to 40.63% via off-market gift transfer
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Awaiting price reaction for this filing.
Promoter Mr. Rai Rushabh Patel acquired 1,18,526 shares (3.78 percent) of Parshwanath Corporation Limited through an off-market inter-se transfer by way of gift from a relative on 19-Sep-2026. His holding rose from 36.85 percent (11,54,135 shares) to 40.63 percent (12,72,661 shares). As inter-se transfers among relatives are exempt under SEBI Takeover Regulations, no open offer obligation is triggered by this acquisition.
Promoter consolidation signals confidence in the company. Inter-se gift is exempt from open offer rules, but holding is now near the 45 percent takeover threshold.