Disclosure under Regulation 29 (2) for off- market Inter-se transfer of equity shares for Rajendra Shah
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Awaiting price reaction for this filing.
Promoter Rajendra Suganchand Shah acquired 21,29,400 equity shares (33.80% of paid-up capital) of Megh Mayur Infra Limited from fellow promoter Mitul Jagdishchandra Shah through an off-market inter-se transfer on May 16, 2025. As a result, Rajendra Shah's stake jumped from 33.87% to 67.67% of the company. The total share capital of the company stays unchanged at 63,00,000 equity shares. Since this is an inter-se transfer between promoters, it does not trigger any mandatory open offer to public shareholders under SEBI takeover rules.
This is purely a reshuffling of shares within the promoter group — no new external shareholder, no change in total promoter control, and no open offer obligation for retail investors. Expect minimal direct impact on the stock price from this transfer alone.