Sameer Gupta 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.
SGMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Sameer Gupta (acquirer) will receive 4,42,00,000 equity shares (35.08% stake) of SG Mart Limited as a gift from his son Mr. Dhruv Gupta (3,28,00,000 shares / 26.03%) and wife Mrs. Meenakshi Gupta (1,14,00,000 shares / 9.05%). The transfer, valued at NIL, is scheduled on or after May 7, 2026. This qualifies as an inter-se transfer between immediate relatives and is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI SAST Regulations. Post-transaction, Mr. Sameer Gupta will be classified as a Promoter of the Company. The current promoters Mr. Dhruv Gupta and Mrs. Meenakshi Gupta will see their holdings reduce to 1.19% and 0% respectively after the gift.
This appears to be a family restructuring exercise consolidating promoter holding under Mr. Sameer Gupta. The gift transfer at nil consideration with exemption from open offer suggests no direct financial impact on company valuation. However, it significantly reshapes the promoter shareholding structure.