Date: 20th August 2026
Board Meeting Outcomes
- The proposed inter-se transfer of 3,797,468 equity shares (representing 3.64% voting rights) among promoter group members has been cancelled
- The cancellation is due to unforeseen circumstances
- The original transaction was disclosed under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on 14th August 2026
Ownership & Market Activity
- Proposed Acquirer: Ayush Vardhan Singhania (Member of Promoter Group)
- Proposed Seller: Mr. Arvind Singhania (Promoter of the Company)
- Number of shares: 3,797,468 equity shares
- Voting rights: 3.64% of company voting rights
- Transaction type: Inter-se transfer among promoter group members
- Status: Cancelled effective 20th August 2026
Regulation, Compliance & Legal
- Regulatory reference: SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Specific regulation: Regulation 10(5) for disclosure requirements
- Declaration: Ayush Vardhan Singhania confirms no contravention of SEBI Takeover Regulations or any applicable laws
- Filing: Necessary disclosure for cancellation submitted to both BSE and NSE
Other Operational / Legal / Strategic Disclosures
- The cancellation disclosure was signed by Poornima Gupta, Company Secretary & Compliance Officer (Membership No.: A49876)
- The acquirer's declaration was signed by Ayush Vardhan Singhania
- Company registered office: Plot No.11, Block-A, Infocity-1, Sector-34, Gurugram - 122001