The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ryan Rupen Patel
PATELENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ryan Rupen Patel, a member of the promoter group, acquired 40,800 equity shares (0.004% of share capital) through transmission following the death of Late Mr. Pravin Patel on July 1, 2025. The deceased had nominated Ryan Patel as the beneficiary for these shares. The transmission was completed on May 25, 2026, following the release of pledge on the said shares. Post-transaction, Ryan Patel holds 2,80,700 shares (0.02%). The transaction qualifies for exemption under Regulation 10(1)(g) of the Takeover Regulations as it involves inheritance to a nominee within the promoter group.
This is a routine inheritance transfer within the promoter group with no open offer obligation. The holding change is minimal (0.004%) and unlikely to impact stock price. The release of pledge before transmission is a technical detail but does not indicate any distress sale.