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Awaiting price reaction for this filing.
Mrs. Rashmi Mahajan, part of the promoter group, will receive 713,475 equity shares (3.63% of share capital) as a gift from her son Mr. Abhay Mahajan, also part of the promoter group. The transfer is scheduled for 10/01/2026 and no consideration will be paid. After the transfer, Rashmi Mahajan's holding rises from 4.97% to 13.60%, while Abhay Mahajan's holding drops from 8.63% to 0%. The aggregate promoter and promoter group holding remains unchanged at 55.89% (46,20,883 shares) before and after the transfer. The transaction qualifies for an exemption from open offer under Regulation 10(1)(a)(i) of SEBI SAST Regulations as it is an inter-se transfer among immediate relatives.
This is a purely internal family reshuffle within the promoter group with no change in total promoter ownership, so it has no material impact on the company's shareholder structure or the stock. Existing shareholders should note that control and promoter percentage remain exactly the same, meaning no dilution or change in management control.