The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashok Sheth
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Promoter Ashok Jivarajbhai Sheth has transferred 1,00,000 equity shares (2.2% of total capital) of Solitaire Machine Tools to Mrs. Bharti Ashok Sheth on 31st December 2025 via an off-market inter-se transfer treated as a gift. Mr. Ashok Sheth's individual holding fell from 5,25,659 shares (11.57%) to 4,25,659 shares (9.37%). Mrs. Bharti Ashok Sheth is also classified as a promoter of the company, so the overall promoter group shareholding in the company remains unchanged. The total equity capital of the company is Rs. 4.54 crore divided into 45,42,176 shares of Rs. 10 each. This is a purely internal promoter-family reshuffle and not a change in control.
Since both transferor and transferee are promoters, the combined promoter stake in the company stays the same and there is no material impact on shareholder value or control. This is a routine family-level inter-se transfer reported under SEBI takeover rules and is generally neutral for the stock price.