Nature of the Event

Regulatory disclosure regarding a promoter family settlement and subsequent share transfer agreement.

Key Quantitative Figures

  • Number of equity shares transferred: 1,83,20,010
  • Percentage of equity share capital: 20.94%
  • Price per equity share: ₹65

Dates of Action

  • Memorandum of Family Settlement executed: 16 July 2026
  • Share Purchase Agreement executed: 16 July 2026
  • Intimation received by company: 16 July 2026

Parties Involved

Parties to Memorandum of Family Settlement:

  • Devesh Family: Devesh D Chaturvedi, Babita D Chaturvedi, Shardul Chaturvedi, Brijesh D Chaturvedi, Sanaya Brijesh Chaturvedi, Shriyam Abhishek Mani Chaturvedi Bansal (minor, through guardian Brijesh Chaturvedi), Ila Brijesh Chaturvedi (minor, through guardian), Kaamad Abhishek Bansal (minor, through guardian), Arnima Abhishek Bansal (minor, through guardian), and Arni Abhishek Bansal (minor, through guardian)
  • Rajesh Family: Rajesh D Chaturvedi, Varsha R Chaturvedi, Ramya Arihant Dhandia, Rajshree Rajesh Chaturvedi, Raghav Chaturvedi, Simran Raghav Chaturvedi, Vaamika Raghav Chaturvedi (minor, through guardian), and Ananyaa Arihant Jain (minor, through guardian)
  • Gagan Family: Gagan Dinanath Chaturvedi, Shruti Gagan Chaturvedi, Mohini Gala, Madhur Chaturvedi, Maithili Chaturvedi, and Vaani Gala (minor, through guardian)

Parties to Share Purchase Agreement:

  • Acquirer: Shriyam Commodities Intermediary LLP (member of promoter and promoter group)
  • Sellers: Gagan Dinanath Chaturvedi, Shruti Gagan Chaturvedi, Mohini G Chaturvedi, Pradeep Sandeep Corporate Advisors LLP, and Kamvan Construction Private Limited

Purpose or Stated Rationale

  • Memorandum of Family Settlement: To bring about amity and maintain goodwill amongst members of the Chaturvedi Family, and to maintain overall peace and harmony within the family.
  • Share Purchase Agreement: To record the terms of sale and purchase of equity shares of the company held by the sellers.

Financial or Operational Impact

  • The acquisition qualifies for general exemption under Regulation 10(1)(a)(ii) of Takeover Regulations
  • No financial impact on the company disclosed
  • No restriction or liability imposed on the company
  • No impact on management or control of the company

Capital Structure Impact

  • Transfer of 1,83,20,010 equity shares (20.94% of equity share capital) from sellers to acquirer
  • Sellers will be reclassified from promoter and promoter group category to 'public' category in accordance with SEBI Listing Regulations
  • The acquirer (Shriyam Commodities Intermediary LLP) remains part of the promoter group

Cash Flow Implications

No cash flow implications for the company disclosed. The transaction is between promoter group entities.

Forward-looking Guidance or Management Commentary

None provided in the disclosure.

Material Changes Compared to Previous Disclosures

No previous figures or comparisons disclosed.