Transaction Details
- Transferor: Savita Mohta (Part of Promoter Group)
- Acquirer: Bharat Mohta (Promoter)
- Number of Shares: 91,60,200 equity shares
- Percentage of Share Capital: 14.32%
- Transaction Type: Gift transfer through off-market inter-se transfer
- Consideration: Nil (no consideration involved)
- Proposed Date: On or after 22 August 2026 (4 working days from intimation date)
- Rationale: Inter-se transfer between immediate relatives belonging to the Promoter Group
Regulatory Exemption
The transaction falls within the exemption under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI SAST Regulations"), exempting it from open offer requirements.
Shareholding Impact
Pre-Transaction Holdings:
- Bharat Mohta: 76,37,530 shares (11.94% of total paid-up capital)
- Savita Mohta: 91,60,200 shares (14.32% of total paid-up capital)
Post-Transaction Holdings:
- Bharat Mohta: 1,67,97,730 shares (26.26% of total paid-up capital)
- Savita Mohta: 0 shares (0%)
Aggregate Promoter Group Holding: Remains unchanged at 26.26% post-transaction
Historical Encumbrance Disclosures
The document includes reference to annual disclosures under Regulation 31(5) of SEBI SAST Regulations for financial years 2023-24, 2024-25, and 2025-26, all confirming that promoters/promoter group have not created any encumbrance on company shares during these periods.
Documents Submitted
- Disclosure under Regulation 10(5) of SEBI SAST Regulations
- Annexure-I with details of acquisition
- Annual encumbrance disclosures for FY 2023-24 to 2025-26