The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nehal Gandhi & PACs
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Relic Technologies promoter Nehal Narendra Gandhi has transferred 165,000 equity shares (2.95% of paid-up capital) to another Promoter, Alisha Kunal Gandhi, via an off-market transaction pursuant to the Probate of Will of the Late Mr. Narendra Gandhi. The transfer was made on February 27, 2026, and reported to the BSE on March 4, 2026 under Regulation 29(2) of SEBI SAST Regulations. Because the shares moved from one PAC to another within the same promoter group, Nehal Gandhi's individual holding in the table oddly appears unchanged at 2,503,600 shares (44.78%) and the aggregate promoter and PAC shareholding remains the same. Total equity capital of the company is Rs. 5.59 crore, divided into 55,91,164 shares of Rs. 10 each, and remains unaffected.
This is a purely internal reshuffle within the promoter family and has no impact on the company's total promoter shareholding, voting control, or capital structure. Shareholders should treat this as a neutral, administrative event rather than a change in ownership or control.