Key Transaction Details

  • Acquirer: Rajesh Damani (son of promoters)
  • Sellers: Premratan Damani (18.53% stake) and Bimladevi Damani (44.36% stake)
  • Total Shares Acquired: 4,393,960 equity shares
  • Percentage of Total Capital: 62.89%
  • Transaction Type: Off-market transfer by way of gift
  • Consideration: Nil (no monetary consideration involved)
  • Acquisition Date: 18.09.2026
  • Exemption Claimed: Regulation 10(1)(a)(i) of SEBI SAST Regulations (transfer between immediate relatives)

Regulatory Filings Sequence

  • 31.08.2026: Filed Regulation 10(5) disclosure (prior intimation) with BSE
  • 21.09.2026: Filed Regulation 10(6) disclosure (post-acquisition) with BSE
  • 21.09.2026: Filed Regulations 29(1) and 29(2) disclosures with BSE
  • 06.10.2026: Filed Regulation 10(7) report with SEBI through SI Portal
  • 07.10.2026: Company filed Regulation 30 disclosure with BSE

Financial Details

  • Total Paid-up Capital: ₹6,98,65,000 (6,986,500 equity shares of ₹10 each)
  • SEBI Filing Fee: ₹177,000 (₹150,000 + 18% GST of ₹27,000)
  • Payment Transaction ID: EICIME21YBI2F5
  • Payment Date: 06.10.2026

Shareholding Changes

Before Acquisition:

  • Premratan Damani: 1,294,600 shares (18.53%)
  • Bimladevi Damani: 3,099,360 shares (44.36%)
  • Rajesh Damani: Nil shares (0%)

After Acquisition:

  • Premratan Damani: Nil shares (0%)
  • Bimladevi Damani: Nil shares (0%)
  • Rajesh Damani: 4,393,960 shares (62.89%)

Additional Declarations

The document includes annual encumbrance declarations under Regulation 31(4) of SEBI SAST Regulations for financial years 2023-2024, 2024-2025, and 2025-2026 from both promoters (Premratan B. Damani and Bimladevi P. Damani) confirming no encumbrance on their shares during these periods.

Capital Structure Impact

The transaction does not change the total paid-up capital of the company (remains at 6,986,500 equity shares of ₹10 each), but significantly alters the ownership pattern with 62.89% moving from promoter holding to promoter group holding.

Documents Submitted

  • Regulation 10(5) disclosure (dated 31.08.2026)
  • Regulation 10(6) disclosure (dated 21.09.2026)
  • Regulation 10(7) report to SEBI (dated 06.10.2026)
  • Regulations 29(1) and 29(2) disclosures (dated 21.09.2026)
  • Payment receipt for SEBI filing fees
  • Annual encumbrance declarations for FY2023-2026