Transaction Details
Transferor/Donor: Wajid Ahmed (Belongs to Promoter group)
Transferee/Donee: Mohammad Kamil Qureshi (Belongs to Promoter group)
Number of Shares: 4,25,75,347 Equity Shares
Percentage of Share Capital: 8.50%
Transaction Type: Off-market inter-se transfer by way of Gift Deed
Proposed Transaction Date: On or after 07th August, 2026
Consideration: Nil (no consideration involved as it's a gift transaction)
Rationale for Transfer
The proposed acquisition is described as a private transfer family arrangement for smooth succession planning of the family and to streamline the Family's assets and businesses.
Shareholding Impact
Pre-Transaction Holding:
- Wajid Ahmed: 4,25,75,347 shares (8.50%)
- Mohammad Kamil Qureshi: 0 shares (0.00%)
Post-Transaction Holding:
- Wajid Ahmed: 0 shares (0.00%)
- Mohammad Kamil Qureshi: 4,25,75,347 shares (8.50%)
Compliance Declarations
The acquirer has declared that:
- All conditions specified under Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011 have been duly complied with
- The transferor and transferee have complied/will comply with applicable provisions of Chapter V of SEBI (SAST) Regulations, 2011
- No market price determination is required as no consideration is involved