The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashok Jivarajbhai Sheth
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter and Director Ashok Jivarajbhai Sheth transferred 2,00,000 equity shares, representing 4.4% of the company, to another promoter, Bharti Ashok Sheth, on 18 June 2025. The transfer was carried out off-market as a gift (inter-se transfer within the promoter family), not as an open-market sale. As a result, Ashok Sheth's individual holding dropped from 7,25,659 shares (15.976%) to 5,25,659 shares (11.573%). Total promoter group ownership and the company's total equity capital (45,42,176 shares of Rs. 10 each) remain unchanged. The disclosure has been filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is an internal reshuffle within the promoter family and does not change the total promoter shareholding in the company. Retail investors are unlikely to see any meaningful impact on stock price or ownership structure, as the shares simply moved from one promoter to another.