The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mehul Jadavji Shah
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Mehul Jadavji Shah has acquired 30,706 equity shares (19.04% of the company) from another promoter, Jaywanti Jadavji Shah, through an off-market inter-se transfer on 22nd September 2025. Before the deal, Mehul held 0% and Jaywanti held 19.04%; after the deal, the positions are reversed. The total share capital of the company remains unchanged at Rs. 1,61,25,000, meaning this is merely a reshuffling of shares within the promoter group and not a change in overall promoter ownership. No open offer is triggered since inter-se promoter transfers are exempt under SEBI Takeover Regulations.
Neutral for the stock — this is a transfer between two promoters (likely family members), so overall promoter control and public float remain unchanged. Shareholders should not see any dilution or change in promoter control.