The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alisha Kunal Gandhi & PAC
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Alisha Kunal Gandhi, along with Persons Acting in Concert (Kunal Narendra Gandhi, ENAI Trading and Investment Pvt Ltd, and Nehal Narendra Gandhi), has disclosed an off-market transfer of 1,65,000 equity shares (2.95% of the company) under Regulation 29(2) of SEBI SAST Regulations. The transfer was made pursuant to the Probate of Will of Late Mr. Narendra Gandhi. Importantly, the note clarifies that the shares were actually disposed by another promoter, Nehal Gandhi, for whom a separate disclosure is being filed, and the post-acquisition shareholding of promoters and PACs remains unchanged at 2,503,600 shares (44.78%). The company's equity capital is Rs. 5,59,11,640 divided into 55,91,164 equity shares of Rs. 10 each.
This is a family-level reshuffle within the promoter group following the demise of Mr. Narendra Gandhi, with shares being redistributed among heirs via the Will. Since the net promoter holding remains unchanged at 44.78%, there is no material change in promoter ownership or voting power. Shareholders should note that the promoter group already holds below the 50% majority threshold, and this transfer does not alter that position. No immediate impact on stock price is expected from this purely administrative/inter-se transfer.