The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
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Awaiting price reaction for this filing.
Promoter group members Mr. Arvind Mahajan (father) and Mrs. Rashmi Mahajan (mother) intend to transfer a total of 37,53,575 equity shares (45.40% of share capital) to their son Mr. Akhil Mahajan by way of Gift on 18.02.2026. Arvind Mahajan will transfer 26,29,131 shares (31.80%) and Rashmi Mahajan will transfer 11,24,444 shares (13.60%), with no financial consideration involved. This inter-se transfer within the promoter group is exempt from an open offer under Regulation 10(1)(a)(i). After the transaction, Akhil Mahajan's individual stake rises from 6.33% to 45.40%, while the aggregate promoter and promoter group holding remains unchanged at 55.89%.
This is a family-level reshuffle within the promoter group with no change in total promoter ownership or any cash outflow. It has no material impact on the stock price; however, it consolidates decision-making and ownership with the next-generation promoter (Akhil Mahajan), which signals continuity in promoter control.