The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kalindi Rajendra Shah
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Kalindi Rajendra Shah, part of the promoter group of RJ Shah & Company Ltd, received 70,250 equity shares by way of transmission (inheritance as legal heir) from Late Ms. Tejaswini Rajendra Shah on 15 September 2025. This increased her individual holding from 74,000 shares (26.42%) to 144,250 shares (51.50%). Importantly, the filing explicitly states there is no change in the total promoter group shareholding, which remains at 147,100 shares (52.52% of the paid-up capital of 280,100 equity shares). The shares were merely transferred from one promoter family member to another due to the death of the original holder, with no impact on overall promoter ownership or the company's total share capital.
This is a passive, non-market event — a routine transmission of shares within the promoter family following a death. Since overall promoter shareholding is unchanged, there is no material impact on the stock price or on the control structure of the company. Existing shareholders need not be concerned about any change in management or ownership dynamics.