The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakesh Tainwala & PACs
TAINWALCHM · price
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Rakesh Dungarmal Tainwala, along with Persons Acting in Concert (PACs), has filed a disclosure for an inter-se transfer of 5,86,464 equity shares (6.26% of paid-up capital) received by way of gift from Mr. Rajkumar Tainwala on June 3, 2026. Post this transfer, Rakesh Tainwala will be reclassified as part of the Promoter group (he was previously outside it), while the PACs' collective holding remains at 63,53,459 shares, equal to 67.85% of the company's equity share capital. The total share capital of the company stays unchanged at 93,63,863 equity shares of Rs. 10 each. This is purely an internal family reshuffle, not a fresh market purchase or sale.
No real impact on shareholders or stock price – the total promoter/PAC group stake remains unchanged at 67.85%. The transaction merely reallocates shares within the family and formally brings Rakesh Tainwala into the promoter group classification.