Disclosure under Regulation 10 (6) of of SAST for proposed acquisition of Equity Shares
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Promoter Rajendra Suganchand Shah acquired 21,29,400 equity shares (33.80%) of Megh Mayur Infra Limited from fellow promoter Mitul Jagdishchandra Shah at Rs. 9.80 per share, with the deal closing on May 16, 2025. The transaction was done as an off-market inter-se transfer between promoters under the exemption provided in Regulation 10(1)(a)(ii) of SEBI Takeover Rules. As a result, Rajendra Shah's holding went up from 33.87% to 67.67%, while Mitul Shah has fully exited the company. Total promoter shareholding remains unchanged at 67.67%, since one promoter merely transferred shares to another.
This is a reshuffling within the promoter group and does not change total promoter ownership or the public float, so minority shareholders and the stock price are unlikely to see any direct impact. It does mean a single promoter now controls the majority of promoter-held shares.