The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Bharat Taparia, a Promoter Group member of Taparia Tools Ltd, has informed BSE of his plan to acquire 7,37,380 equity shares (4.86% of paid-up capital) from his father Jayakrishna Taparia, who is listed as a Promoter of the company. The transfer will happen on December 5, 2025 as a gift through an off-market transaction at nil price. Because it is an inter-se transfer between immediate relatives within the promoter/promoter group, it qualifies for an exemption from the open offer requirement under Regulation 10(1)(a)(i) of the SEBI Takeover Regulations. After the transfer, Bharat Taparia's personal holding will rise from 5.86% to 10.72%, while the aggregate Promoter and Promoter Group shareholding remains unchanged at 66.28%. The rationale cited is consolidation of holdings in the hands of the acquirer.
This is a non-cash, internal family reshuffle within the promoter group, so there is no change in the overall promoter shareholding (66.28%) and no open offer is triggered. Retail shareholders are unaffected on a net basis; the stock is unlikely to see any meaningful price reaction since no new promoter buying or selling from the market is involved.