The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashok Jivarajbhai Sheth
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Promoter and Director Ashok Jivarajbhai Sheth has disclosed an inter-se transfer of 2,00,000 equity shares (4.403% of paid-up capital) of Solitaire Machine Tools Ltd to Mrs. Bharti Ashok Sheth, who is also a promoter. The transaction was executed off-market on 18 June 2025 by way of a gift. Post-transfer, Ashok Sheth's holding drops from 7,25,659 shares (15.976%) to 5,25,659 shares (11.573%), while Bharti Sheth's holding rises by the corresponding amount. Total promoter group ownership remains unchanged since this is a transfer within the promoter family.
This is an internal promoter family reshuffle with no change in the combined promoter group's stake, so it is largely neutral for shareholders and unlikely to materially affect the stock price. Retail investors should note that the individual promoter is now below the 15% mark, but overall promoter control is intact.