The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mr. Mehul Jadavji Shah (promoter) is acquiring 30,706 equity shares, representing 19.04% of the share capital, from his mother Mrs. Jaywanti Jadavji Shah (also a promoter). The transfer is by way of gift with no consideration (price nil) and is scheduled for 24 September 2025. As this is an inter-se transfer within the promoter and promoter group, it qualifies for exemption under Regulation 10(1)(a)(ii) of the SEBI SAST Regulations, 2011. The aggregate shareholding of the promoter and promoter group will remain unchanged before and after the transaction. Post-transfer, Mehul Shah will hold 19.04% while Jaywanti Shah's holding will go to nil.
This is a purely internal family restructuring of promoter holdings with no change in total promoter stake and no cash involved, so it is neutral for the stock price and existing shareholders. It simply consolidates the promoter's shares from the mother to the son within the same promoter group.