The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajinder Kumar Singhania & PACs
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Promoter Rajinder Kumar Singhania has gifted 10,40,000 equity shares (4.95% stake) to his son Puneet Singhania via an off-market transaction on 25.03.2026. After the gift, Rajinder's holding fell from 11.19% (23,50,306 shares) to 6.24% (13,10,306 shares), while Puneet's holding rose from 0.38% (79,334 shares) to 5.33% (11,19,334 shares). The total promoter and PAC group holding remains unchanged at 26.07% (54,75,894 shares) of the company's equity, since the transfer is within the promoter family. No money was exchanged; this is a simple estate/succession transfer.
No change in aggregate promoter ownership means there is no real dilution or change of control for outside shareholders. The market is unlikely to react negatively since the shares stayed within the promoter family, though it signals generational succession within the promoter group.