The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakesh Dungarmal Tainwala
TAINWALCHM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rakesh Dungarmal Tainwala acquired 5,86,464 equity shares (6.26% of the company's diluted share capital) from Rajkumar Tainwala by way of a gift (at NIL price) among immediate relatives. The transfer took place on June 3, 2026 and was disclosed on June 5, 2026 under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations, which exempts inter-se transfers among immediate relatives from the open offer requirement. Post-transaction, Rakesh Tainwala holds 6.26% of the company, while Rajkumar Tainwala's stake dropped from 6.46% to just 0.20%. The acquirer had earlier filed a proposed acquisition disclosure on May 26, 2026 as required.
This is an internal reshuffle within the promoter family and involves no cash transaction, so there is no material impact on the stock price. Promoter ownership of the company remains unchanged in aggregate; only the distribution among family members has shifted.