Pursuant to Regulation 29(1) of SEBI Takeover Regulations, Disclosure regarding acquisition of 21, 29,400 equity shares of the company through off- market inter-se transfer of shares amongst promoters
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rajendra Suganchand Shah, a Promoter of Megh Mayur Infra Limited (BSE: 509003), acquired 21,29,400 equity shares representing 33.80% of the paid-up share capital on May 16, 2025. The acquisition was done through an off-market inter-se transfer among Promoters, not from the open market. As a result, his shareholding in the company rose from 21,33,599 shares (33.87%) to 42,62,999 shares (67.67%), taking him past the 50% control threshold. Total paid-up equity capital of the company remained unchanged at 63,00,000 shares of Rs. 10 each. The other promoter involved in the transfer appears to be Fulchand Shah, indicating a reshuffling within the promoter group.
This is a reshuffling of shares within the existing promoter family and does not bring in new ownership or new capital. While the acquiring promoter's individual stake has crossed 50%, overall promoter-group control of the company remains unchanged, so minority shareholders are unlikely to be materially affected. No immediate impact on stock price is expected from this internal restructuring.