Prince Pipes And Fittings Limited 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.
PRINCEPIPE · price
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Prince Pipes and Fittings has reported multiple inter-se share transfers within its promoter group, moving a total of about 2.60 crore equity shares (roughly 23.48% of diluted share capital) to five family trusts at nil consideration. The transfers were done on June 19, 2025: Lotus Family Trust received 52,00,000 shares (4.70%) from Tarla Jayant Chheda, Sunflower Family Trust received 83,04,121 shares (7.51%) from Parag Jayant Chheda, and Ruby, Emerald, and Diamond Family Trusts together received 1,24,56,182 shares (11.27%) from Vipul Jayant Chheda. All transactions are classified as an internal family reorganization, with the trusts controlled by promoter group members for the benefit of their lineal descendants. The transfers are exempt from the open offer requirement under a SEBI exemption order dated October 21, 2024.
This is an internal promoter group restructuring and succession planning exercise that does not change the total promoter shareholding in the company. No cash has exchanged hands, and no open offer is triggered, so there is likely to be minimal direct impact on the stock price or non-promoter shareholders.