The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jitendra Manohardas Thakker
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Jitendra Manohardas Thakker received 150,000 equity shares (9.47% of the company's paid-up capital) as a gift from his sister Pallavi Chetan Batavia on October 8, 2025. This is an inter se transfer among immediate relatives of the promoter group, exempt from making an open offer under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. Post-transaction, Jitendra's holding rose from 0% to 9.47%, while Pallavi's holding dropped from 9.47% to 0%. The total promoter group shareholding remains unchanged at 888,100 shares (56.09%), as the transfer is purely a reshuffling within the promoter family.
No change in overall promoter group control, which stays at 56.09%. This is a family-level internal reallocation and is unlikely to have any material impact on the stock price or minority shareholders.