Grauer & Weil (India) Limited has filed a regulatory disclosure with BSE Limited regarding off-market transfers of equity shares among promoter group members by way of gift. The disclosure was made pursuant to Regulation 30 and Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2023, as amended.
The company received a disclosure under Regulation 29 of the SEBI (SAST) Regulations, 2011 concerning two specific transactions:
- 95,16,120 equity shares transferred from Mr. Aman More to Mr. Nirajkumar More within the promoter group
- 95,16,120 equity shares transferred from Mr. Yash More to Mrs. Pallavi More within the promoter group
The total transaction involves 1,90,32,240 equity shares transferred via gift arrangements among promoter family members. The company requested BSE Limited to take this information on record and provide acknowledgment.
The disclosure was signed by Chintan K. Gandhi, Company Secretary (Membership No. A21369), on behalf of Grauer & Weil (India) Limited. The company's registered office is located at Growel Corporate, Akurli Road, Kandivli (E), Mumbai, Maharashtra 400 101, India.
Financial Impact
Share transfer among promoter group members does not change the overall promoter holding percentage. No financial impact on company operations or cash flows disclosed.