Abhinav Capital Services Limited has made a regulatory disclosure to the Bombay Stock Exchange regarding a proposed inter-se transfer of shares among promoter group members. The disclosure is made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 and Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Nature of the Event

The company has received information that promoter Mr. Kailash Hardattrai Biyani is transferring shares to his brothers Mr. Bharat Hardattrai Biyani and Mr. Vinod Hardattrai Biyani through off-market gift transactions without consideration.

Key Transaction Details

  • Proposed Transaction Date: 14th August 2026
  • Transfer 1: From Kailash Hardattrai Biyani to Bharat Hardattrai Biyani - 649,110 equity shares representing 9.37% of voting share capital
  • Transfer 2: From Kailash Hardattrai Biyani to Vinod Hardattrai Biyani - 306,521 equity shares representing 4.43% of voting share capital
  • Total Shares Transferred: 955,631 equity shares (13.86% of total voting share capital)
  • Consideration: Nil (gift transaction)
  • Acquisition Price: Nil

Regulatory Exemption

The transaction qualifies for exemption from making an open offer under Regulation 10(1)(a)(i) of SEBI SAST Regulations, 2011, as it involves transfer between immediate relatives (brothers) without consideration. The 25% pricing declaration is stated as not applicable for this nil-consideration transaction.

Shareholding Changes

Pre-Transaction Holdings:

  • Kailash H Biyani: 1,400,500 shares (20.22%)
  • Vinod H Biyani: 49,997 shares (0.72%)
  • Bharat H Biyani: 0 shares (0.00%)

Post-Transaction Holdings:

  • Kailash H Biyani: 444,863 shares (6.42%)
  • Vinod H Biyani: 356,518 shares (5.15%)
  • Bharat H Biyani: 649,110 shares (9.37%)

Aggregate Holding Impact

The aggregate holding of the promoter and promoter group remains unchanged before and after the inter-se transaction.

Compliance Status

The transferor and transferee have confirmed that:

  • All applicable disclosure requirements under Chapter V of SAST Regulations have been/will be complied with
  • All conditions specified under Regulation 10(1)(a) regarding exemption have been duly complied with
  • Required filings under Regulations 10(5), 10(6) and 10(7) will be made within prescribed timelines

Additional Information

The parties involved have provided their PAN details:

  • Kailash H. Biyani: PAN AABPB4999C
  • Vinod H. Biyani: PAN AACPB7550Q
  • Bharat H. Biyani: PAN AACPB5692B

They have declared being biological brothers and sons of Late Shri Hardattrai Biyani and Smt Santradevi H. Biyani, confirming the relationship qualifies as immediate relatives under the regulations.