Raj Oil Mills Limited has informed the Exchange regarding 'Disclosure under Regulation 7(2) in respect to purchase of Equity Shares of the company through inter-se transfer'.
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Raj Oil Mills Limited has disclosed an inter-se transfer of equity shares among seven members of the Shaikh promoter family, executed around May 22, 2025. Promoter-directors Parvez Shafee Ahmed Shaikh, Tabrez Shafi Ahmed Shaikh, and Humayun Shafi Ahmed Shaikh each received 11,52,692 shares, taking their holdings to about 7.69% each (from a negligible 0.01% earlier). Immediate relatives Firoz Shaikh and Shaila Parvez Shaikh each acquired 32,934 shares (0.22%), Nausheen Tabrez Shaikh acquired 98,802 shares (0.66%), and Zubair Shafi Ahmed Shaikh acquired 4,94,010 shares (3.30%). All transactions were carried out as off-market inter-se transfers within the promoter group, with total promoter shareholding remaining unchanged at the consolidated level.
This is purely an internal reshuffle of promoter-family holdings and does not change the total promoter stake in the company, so it is unlikely to have a meaningful direct impact on the stock price. However, it concentrates significant voting power within a few family members, which is a governance point existing shareholders may want to monitor.