Prakash m Sanghvi, Jayanti M Sanghvi, Shantilal M Sanghvi, Rashmidevi P Sanghvi, Shobhnadevi J Sanghvi, Shashi S sanghvi has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
RATNAMANI · price
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Ratnamani Metals & Tubes Limited informed the exchanges about a proposed gift transfer of 1,66,500 equity shares (0.2375% of share capital) from Mr. Babulal M. Sanghavi to his three brothers — Prakash M. Sanghvi (75,000 shares), Jayanti M. Sanghvi (50,000 shares), and Shantilal M. Sanghvi (41,500 shares). The transaction is a pure gift with no consideration involved and is exempt under Regulation 10(1)(a)(ii) as an inter-se promoter transfer. The proposed date of acquisition is June 23, 2025 or thereafter. Importantly, the consolidated promoter and promoter group shareholding remains unchanged at 59.7719% before and after the transfer.
This is a routine internal family reorganisation within the promoter group with no change in total promoter holding, so it is neutral for shareholders and is unlikely to have any material impact on the stock price.