The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Brijesh Aggarwal
URAVIDEF · price
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Mr. Brijesh Aggarwal, a promoter of Uravi Defence and Technology Ltd, transferred 6,85,000 equity shares (6.23% of paid-up capital) to Mr. Rakesh Kumar Aggarwal via an off-market gift transaction on March 28, 2025. Both transferor and transferee belong to the promoter and promoter group, and the transfer was made under Regulation 10(1)(a) exemption for inter-se promoter transfers. As a result, Mr. Brijesh Aggarwal's individual holding fell sharply from 7.22% (7,94,160 shares) to just 0.99% (1,09,610 shares). The company has clarified that the total promoter group shareholding remains unchanged after the transfer, meaning this is a reshuffle within the promoter family rather than a dilution of promoter control. The disclosure was filed with BSE and NSE on April 17, 2025.
Retail investors should note that this is an internal reshuffle within the promoter family via gift and does not change overall promoter ownership in the company. There is no direct impact on stock price or minority shareholder value, though the individual promoter's reduced stake is now negligible at under 1%.