Pursuant to Regulation 30 of Securities and Exchange Board of India( Listing Obligation and Disclosure Requirements) Regulations, 2015 ('Listing Regulation') read with Part A of Schedule ....
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Megh Mayur Infra Limited (formerly Transoceanic Properties Ltd) held a board meeting on 16th May 2025 where the directors approved a Share Purchase Agreement between two promoters. Under this agreement, 21,29,400 equity shares (33.80% of total) held by promoter Mitul Jagdish Shah will be transferred to promoter Rajendra Suganchand Shah. Rajendra Suganchand Shah, who is also the Managing Director, will be the buyer in this transaction. The board meeting lasted 45 minutes (4:00 PM to 4:45 PM). This is purely an inter-promoter share transfer and there is no change in the total promoter group shareholding of the company.
Total promoter shareholding remains the same since shares are moving between two existing promoters, but Managing Director Rajendra Suganchand Shah will hold a significantly larger stake, giving him greater control over company decisions.