Rakesh Dungarmal Tainwala has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
TAINWALCHM · price
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Rakesh Dungarmal Tainwala (acquirer) is receiving 6,00,232 equity shares (6.41% of total share capital) from his brother Mr. Rajkumar Tainwala (transferor) by way of gift. No consideration is involved as this is an inter-se transfer between immediate relatives. The transfer is scheduled on or after June 1, 2026. This qualifies for exemption from open offer under Regulation 10(1)(a)(i) as it is a transfer among immediate family members. Post-transaction, Rajkumar Tainwala's holding drops from 6.46% to just 0.05%, while Rakesh Tainwala's holding rises from 0% to 6.41%. The promoter group collectively holds over 67% of the company both before and after the transaction.
This is a family-level asset redistribution with no cash flow or market impact. Promoter holding remains stable at over 67%. No open offer is triggered as the transfer is between immediate relatives under Regulation 10(1)(a)(i).