The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalindi Rajendra Shah
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Ms. Kalindi Rajendra Shah received 70,250 equity shares (25.08% of paid-up capital) of RJ Shah & Company Ltd through transmission from her late sister Ms. Tejaswini Rajendra Shah on 15 September 2025. As a legal heir, Kalindi's individual holding rose from 74,000 shares (26.42%) to 144,250 shares (51.50%), pushing her past the 50% mark. The total promoter group shareholding, however, remained unchanged at 147,100 shares (52.52%) since the transfer was purely within the family. The disclosure is filed under Regulation 10(1)(g), which exempts inter-family transmissions from triggering an open offer. The company's paid-up capital is 280,100 equity shares of Rs 10 each.
No impact on overall promoter group stake or stock price is expected, as this is a family transmission event, not a market transaction. However, Kalindi Rajendra Shah now individually holds majority control (51.50%) of the company.