The Exchange has received the revised disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
TAINWALCHM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rakesh Dungarmal Tainwala, brother of promoter Rajkumar Tainwala, is acquiring 5,86,464 equity shares (6.26% of share capital) from Rajkumar via inter-se gift transfer. This is a revision from the initial disclosure of 6,00,232 shares (6.41%). The transfer involves no monetary consideration as it is a gift between immediate relatives. After the transaction, Rajkumar's holding drops from 6.46% to just 0.20%, while Rakesh's holding increases from 0% to 6.26%. The acquirer is not currently a promoter but is the brother of a promoter. The transaction qualifies for exemption under Regulation 10(1)(a)(i) of SEBI SAST Regulations and is scheduled for execution on or after June 1, 2026.
This intra-family gift transfer consolidates promoter-group holdings, with Rakesh becoming a significant 6.26% shareholder. Rajkumar's near-complete exit (6.46% to 0.20%) represents a major promoter stake sell. The nil-consideration nature means no price impact, but the shift in promoter-group ownership structure may attract market attention.