The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rahul Maheshwari
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Awaiting price reaction for this filing.
Rahul Maheshwari, son of promoter Smt. Umadevi Maheshwari, received 4,83,644 equity shares (3.19% of the company's diluted share capital) of Taparia Tools Ltd as a gift on 3 December 2025. The transfer was off-market and intra-family (mother to son), both of whom are part of the promoter group. After the transaction, Rahul Maheshwari's holding rises from 60,000 shares (0.39%) to 5,43,644 shares (3.58%), while Smt. Umadevi Maheshwari's holding drops to zero. The acquirer has claimed exemption from making an open offer under Regulation 10(1)(a)(i) of SEBI SAST Regulations, which covers transfers between immediate relatives within the promoter group.
No material impact on shareholders or stock price — this is an internal reshuffling within the promoter family. Total promoter group ownership in the company remains unchanged, and no open offer is triggered due to the immediate-relative exemption.