Pranav Gupta 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.
PGEL · price
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Awaiting price reaction for this filing.
Six members of the PG Electroplast promoter group (Pranav, Aditya, Vatsal, Raghav, Shraddha and Vrinda Gupta) received 9,00,000 equity shares (0.32% of paid-up capital) as a gift on March 28, 2025 from fellow promoter group members Anurag, Vishal and Vikas Gupta. The transfer was an inter-se gift among immediate relatives, qualifying for exemption under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011 — no open offer obligation. No cash changed hands. Post-transaction, the acquirers along with PACs collectively hold 3.13% (up from 2.82%), while the sellers' combined stake moved from 46.54% to 46.22%. The required pre-transaction disclosure under Reg 10(5) was filed on March 22, 2025.
This is a neutral, housekeeping transaction — a pure internal reshuffle within the promoter family via gift with no change in total promoter ownership and no impact on the stock price or minority shareholders. No open offer is triggered due to the family exemption.