Meena Jain, Chakresh Kumar Jain, Madhavi Jain and Ms. Ashita Jain 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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Four promoter group members (Meena Jain, Chakresh Kumar Jain, Madhavi Jain, and Ashita Jain) acquired a total of 1.96 crore equity shares (7.64% of diluted share capital) from three HUFs (Pradeep Kumar Jain HUF, Chakresh Kumar Jain HUF, and Yogesh Kumar Jain HUF). The transfer was through off-market transactions at Nil consideration, conducted pursuant to partition of the Transferors. All parties are members of the promoter group. A prior disclosure under Regulation 10(5) was made on March 3, 2026. The exemption under Regulation 10(1)(a)(ii) of SEBI SAST Regulations applies as this is an intra-family transfer.
The promoter group structure changes with shares moving from HUFs to individual promoters, but total promoter holding remains unchanged at 34.46%. This is a family settlement with no market impact or change in total promoter stake.