The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akhil Mahajan & PACs
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Awaiting price reaction for this filing.
Akhil Mahajan, part of the promoter group of Uniroyal Industries Ltd, received 37,53,575 equity shares (45.40% of total share capital) as a gift from his parents Arvind Mahajan and Rashmi Mahajan on 18/02/2026. His personal holding rose from 5,23,801 shares (6.33%) to 42,77,376 shares (51.73%), making him the single largest shareholder in the company. The transfer is an inter-se promoter-family rearrangement carried out under Regulation 10(1)(a)(i) of the SEBI Takeover Code, which exempts it from the open-offer requirement. The transaction is a gift, with no cash consideration involved, and there are no encumbered or pledged shares associated with it.
This is purely an internal promoter-family reshuffle with no change in overall promoter-group control and no open-offer obligation. Retail shareholders are not directly affected and the stock price is unlikely to move meaningfully on this news.