The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Paxal Shah
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Paxal Shah, a member of the promoter group of Yash Chemex Ltd, acquired 7,21,365 equity shares (approximately 7.10% of the company's equity share capital) through transmission (inheritance) from his late grandfather, Mr. Yashwantlal Chhanalal Shah, on 22 September 2025. The transferor held 7.04% of shares pre-transmission and now holds NIL, while Paxal Shah's holding increased from 0.87% (89,230 shares) to 7.97% (8,10,595 shares). The transaction falls under the exemption provided by Regulation 10(1)(g) of SEBI (SAST) Regulations for acquisitions by way of transmission/succession/inheritance, and no price was paid. Importantly, there is no change in the consolidated total shareholding of the Promoters and Promoter Group — it is purely an internal family reallocation of shares.
No material impact for retail shareholders — this is a routine family inheritance within the promoter group with no change in overall promoter shareholding. The stock price is unlikely to be affected as no shares changed hands in the open market and no open offer is triggered.