The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunil Parakh HUF & Sunil Parakh
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Awaiting price reaction for this filing.
Poona Dal & Oil Industries Ltd informed BSE of an inter-se promoter share transfer executed on 18 February 2026. Sunil Deepchand Parakh HUF sold 3,21,110 equity shares (5.63% of the company's paid-up capital) to Sunil Deepchand Parakh (individual promoter) via an off-market transaction described as a 'family arrangement'. After the deal, Sunil Deepchand Parakh's holding jumped from 2,86,600 shares (5.02%) to 6,07,710 shares (10.63%), while the HUF's stake went to nil. The company's total equity share capital remains 57,08,000 shares, so overall promoter group ownership is unchanged — only reshuffled between two promoter entities. No price per share was disclosed since this is an internal family transfer exempt from open-offer requirements under Regulation 10(1)(a)(ii) of SEBI SAST Regulations.
Neutral to mildly positive for shareholders — this is purely an internal promoter family reorganisation with no change in total promoter holding or any outflow of value. The transfer consolidates a meaningful 10.63% stake in the individual promoter's name, slightly strengthening his direct control.