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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Jitendra Manohardas Thakker, a member of the promoter group (immediate relative of the promoter), will acquire 150,000 equity shares (9.47% of share capital) from his brother Rajendra Manohardas Thakker by way of a gift, with the transfer to take place on or after November 27, 2025. Since the transfer is between immediate relatives, it qualifies for exemption from the open offer requirement under Regulation 10(1)(a)(i) of SEBI's Takeover Regulations, 2011, and no price applies. Post-transfer, Jitendra's stake in the company will rise from 14.21% (225,000 shares) to 23.68% (375,000 shares), while Rajendra will exit entirely (9.47% to 0%). The overall promoter and promoter group combined holding remains broadly unchanged at around 56%.
This is an internal family restructuring within the promoter group with no cash consideration and no change in total promoter control, so it is unlikely to have any meaningful impact on the stock price or minority shareholders.