The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suresh Mahavirprasad Pansari
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Suresh Mahavirprasad Pansari, a promoter of Rashi Peripherals Limited, has disclosed a gift transfer of 2,40,000 equity shares (0.36% of total share capital) to the Chaman Pansari Family Trust, dated March 29, 2025. The transfer was done off-market as a gift (no cash consideration). Post-transfer, the seller's holding reduced from 52,23,750 shares (7.93%) to 49,83,750 shares (7.56%). The transferee (Chaman Pansari Family Trust) now holds 2,40,000 shares (0.36%). This is an internal family/promoter-group reorganisation with no change in the total promoter-group economic interest in the company.
Since the shares were transferred as a gift within the promoter family to a family trust, there is no change in the overall promoter-group stake and no cash impact on the company. This is essentially an estate-planning move and is unlikely to affect the stock price or minority shareholders.