The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Promoter Mr. Sunil Deepchand Parakh acquired 3,21,110 equity shares (5.63% of share capital) from Sunil Deepchand Parakh HUF, another promoter group entity, through an off-market inter-se transfer on 18th February 2026. The transfer was done without any consideration as part of a family arrangement, and was executed under the exemption for inter-se promoter transfers in SEBI takeover rules. As a result, Mr. Parakh's individual holding rose from 2,86,600 shares (5.02%) to 6,07,710 shares (10.65%), crossing the 10% mark, while the HUF's holding was reduced to zero. The aggregate promoter and promoter group shareholding in the company remains unchanged before and after the transfer. The company filed the required disclosures under Regulations 10(5), 10(6), 29(1) and 29(2) with BSE and paid SEBI filing fees of Rs. 1,77,000.
Since this is an internal reshuffle within the promoter family and the total promoter stake is unchanged, there is no real change in control or dilution for public shareholders. The news is largely procedural and is unlikely to have any meaningful impact on the stock price.