The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arvinder Singh Pasricha
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Promoter Arvinder Singh Pasricha acquired 3,00,000 equity shares (3.14% stake) from Mrs. Aman Pasricha Balsara, who is also a promoter and immediate relative. The transfer was done as an off-market gift between family members under Regulation 10(1)(a)(i) exemption. After the transaction on March 30, 2026, his holding increased from 27.58% to 30.72% of voting shares. The company subsequently completed a preferential allotment of 17,58,592 equity shares on March 31, 2026, which will dilute these percentages. This is essentially a family restructuring of promoter holdings with no external capital flow.
This is an internal family transfer between promoters and does not involve any new investment or change in control. The crossing of 30% threshold by the acquirer may attract additional disclosure requirements going forward.