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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Promoter group member Rajkumar Tainwala has transferred 5,86,464 equity shares (6.26% of total capital) to Rakesh Dungarmal Tainwala by way of gift among immediate relatives on June 3, 2026. Rakesh Tainwala, who was not previously classified as a promoter, will now be treated as a promoter post-acquisition. The total promoter group (including PACs) holding remains unchanged at 63,53,459 shares (67.85%) — there is no change in overall promoter stake or total share capital of the company. This is a pure reshuffle within the promoter family and does not involve any open market sale or external buyer.
No material impact on share price or shareholder value — the overall promoter control stays at 67.85%, and no cash changes hands. For shareholders, this only signals internal succession/planning within the Tainwala family and formalises Rakesh Tainwala's status as a promoter.