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 Director Ashok Jivarajbhai Sheth has disclosed an off-market inter-se transfer of 15,000 equity shares (0.33% of paid-up capital) of Solitaire Machine Tools Ltd to Mrs. Swati Hemendra Badani, who is also a promoter of the company. The transfer was executed on 17th March 2026 by way of a gift. Post-transfer, Mr. Sheth's holding has come down from 4,25,659 shares (9.371%) to 4,10,659 shares (9.041%). Total share capital of the company stands at 45,42,176 equity shares of Rs. 10 each. There is no change in encumbrance (no pledge or lien involved).
This is essentially a reshuffle within the promoter group — a gift between two promoter family members. There is no impact on overall promoter shareholding in aggregate, no change in control, and no cash transaction. Retail investors are unlikely to see any material effect on the stock price or shareholder value from this disclosure.