Transaction Details

  • Date of Acquisition: 07-08-2026
  • Acquirer: Mohammad Kamil Qureshi (Member of Promoter Group)
  • Seller: Wajid Ahmed (Promoter)
  • Number of Shares Transferred: 4,25,75,347 equity shares
  • Percentage of Share Capital: 8.50% of total paid-up capital
  • Transaction Type: Off-market inter-se transfer by way of gift deed
  • Consideration: Nil (gift transaction without monetary consideration)
  • Relationship: Acquirer and seller are real brothers, qualifying as "immediate relatives" under Regulation 2(1)(l) of SEBI SAST Regulations, 2011

Shareholding Impact

Pre-Transaction Holding (07-08-2026):

  • Mohammad Kamil Qureshi: 0 shares (0.00%)
  • Wajid Ahmed: 4,25,75,347 shares (8.50%)
  • Total Promoter & Promoter Group Holding: 37,55,77,327 shares (75.00%)

Post-Transaction Holding:

  • Mohammad Kamil Qureshi: 4,25,75,347 shares (8.50%)
  • Wajid Ahmed: 0 shares (0.00%)
  • Total Promoter & Promoter Group Holding: 37,55,77,327 shares (75.00%) - No change in aggregate promoter holding

Regulatory Compliance Timeline

  • Regulation 10(5) Prior Intimation: Filed with BSE and NSE on 01-08-2026 (4 working days before proposed acquisition)
  • Regulation 10(6) Post-Acquisition Report: Filed with BSE and NSE on 08-08-2026 (within 4 working days after acquisition)
  • Regulation 29(1) Disclosure: Filed by acquirer on 08-08-2026
  • Regulation 29(2) Disclosure: Filed by both acquirer and seller on 11-08-2026
  • PIT Regulation 7(2) Disclosure: Filed by both parties on 11-08-2026
  • Regulation 10(7) Report to SEBI: Filed on 12-08-2026 (within 21 working days of acquisition)

Financial Details

  • SEBI Filing Fee: ₹1,50,000 + ₹27,000 GST = Total ₹1,77,000
  • Payment Date: 12-08-2026
  • Payment Mode: Online Net Banking
  • SEBI Receipt Number: DHDFY0D1SPKZKI
  • SEBI Application Number: 766

Company Capital Structure

  • Total Paid-up Equity Capital: ₹50,07,69,770
  • Number of Equity Shares: 50,07,69,770 shares of Re. 1 each
  • Capital Structure Unchanged: No impact on total share capital from this transaction

Exemption Basis

The acquisition qualifies for exemption from open offer requirements under Regulation 10(1)(a)(i) of SEBI SAST Regulations, 2011 as it involves:

  • Transfer between immediate relatives (real brothers)
  • Inter-se transfer among promoter group members
  • No change in aggregate promoter group shareholding
  • Pricing provisions not applicable as it's a gift transaction without consideration

Additional Documents Filed

The submission includes seven annexures:

  • Annexure-A: Regulation 10(7) Report to SEBI
  • Annexure-B: SEBI Payment Receipt
  • Annexure-C: Regulation 10(5) Filing (01-08-2026)
  • Annexure-D: Regulation 10(6) Filing (08-08-2026)
  • Annexure-E: Regulation 29(1) Disclosure (08-08-2026)
  • Annexure-F: Regulation 29(2) Disclosure (11-08-2026)
  • Annexure-G: PIT Regulation 7(2) Disclosure (11-08-2026)

Promoter Group Details

The promoter group consists of 8 entities/individuals with identical pre and post-transaction aggregate holding of 75.00%:

1. Zulfiqar Ahmad Qurashi - 17.01%

2. Gulzar Ahmad - 12.16%

3. Parvez Alam - 3.31%

4. Mohammad Ashraf Qureshi - 17.01%

5. Wajid Ahmed - 8.50% → 0.00% (after transfer)

6. Mohammad Mehmood Qureshi - 17.01%

7. Gulzeb Ahmed - 0.0025%

8. Mohammad Kamil Qureshi - 0.00% → 8.50% (after acquisition)