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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Mr. Ashok Jivarajbhai Sheth, a promoter and director of Solitaire Machine Tools Ltd, has transferred 15,000 equity shares (0.33% of total share capital) to Mrs. Swati Hemendra Badani, another promoter of the company, on 17th March 2026. The transaction was an off-market inter-se transfer by way of gift, not an open market sale. After the transfer, Mr. Sheth's holding reduced from 4,25,659 shares (9.371%) to 4,10,659 shares (9.041%). The disclosure is filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
This is a reshuffling of shares between existing promoters of the company via a gift and does not change the total promoter shareholding in the company. It is unlikely to have any material impact on the stock price or minority shareholders, as no shares changed hands with the public market.