GANESH BENZOPLAST LIMITED
Key Transaction Details
- Acquirer: Mr. Ravi Pilani (brother of promoter Mr. Rishi Pilani and part of the promoter group)
- Transferors: Mr. Rishi Pilani (Chairman & Managing Director) and Ms. Poonam Pilani
- Transaction Type: Off-market transfer by way of gift without consideration
- Proposed Completion Date: On or before August 27, 2026
- Total Shares to be Acquired: 28,56,810 equity shares
- Percentage of Share Capital: 3.97% of total paid-up share capital
Breakdown of Share Transfer
- From Rishi Pilani to Ravi Pilani: 17,76,003 shares (2.47% of share capital)
- From Poonam Pilani to Ravi Pilani: 10,80,807 shares (1.50% of share capital)
Shareholding Impact
Pre-Transaction Holding:
- Ravi Pilani: 0 shares (0.00%)
- Rishi Pilani: 17,76,003 shares (2.47%)
- Poonam Pilani: 10,80,807 shares (1.50%)
Post-Transaction Holding:
- Ravi Pilani: 28,56,810 shares (3.97%)
- Rishi Pilani: 0 shares (0.00%) from the transferred portion
- Poonam Pilani: 0 shares (0.00%) from the transferred portion
Aggregate Promoter Group Holding: Remains unchanged post-transaction.
Financial Considerations
- Acquisition Price: Nil (gift transfer)
- Market Price Determination: Not applicable for gift transactions
- Declaration: Acquirer confirmed compliance with all applicable requirements under Chapter V of SEBI SAST Regulations
Filing and Compliance
The company has submitted the necessary disclosures to:
- BSE Limited (Scrip ID: 500153)
- National Stock Exchange of India Limited (Scrip ID: GANESHBE)
The filing includes the complete disclosure under Regulation 10(5) of SEBI SAST Regulations, 2011 as received from the acquirer.