Key Transaction Details

  • Total Shares to be Transferred: 7,57,16,940 equity shares (28.087% of total share capital)
  • Transferor: Mr. Ashok Madhavdas Khurana (Promoter)
  • Transferees:
  • Mr. Amit Khurana: 86,88,614 shares (3.223%)
  • Mrs. Neelakshi Amit Khurana: 54,34,764 shares (2.016%)
  • Armaan Amit Trust: 6,15,93,562 shares (22.848%)
  • Proposed Transaction Date: On or after August 12, 2026
  • Mode of Transfer: Off-market transfer by way of gift deed
  • Consideration: No consideration (gift transfer)

Regulatory Framework

  • Exemption Claimed: Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011
  • Compliance Reference: Regulation 10(5) disclosure requirement
  • Rationale: Inter-se transfer among persons named as promoters in shareholding pattern for not less than three years

Shareholding Pattern Changes

Pre-Transaction Holdings:

  • Mr. Amit Ashok Khurana: 47,91,240 shares (1.777%)
  • Mrs. Neelakshi Amit Khurana: 80,43,120 shares (2.984%)
  • Armaan Amit Trust: 8,13,60,000 shares (30.180%)
  • Mr. Ashok Madhavdas Khurana: 7,57,16,940 shares (28.087%)

Post-Transaction Holdings:

  • Mr. Amit Ashok Khurana: 1,34,79,854 shares (5.000%)
  • Mrs. Neelakshi Amit Khurana: 1,34,77,884 shares (5.000%)
  • Armaan Amit Trust: 14,29,53,562 shares (53.030%)
  • Mr. Ashok Madhavdas Khurana: 0 shares (0.000%)

Key Declarations

  • Transferor and transferees will comply with disclosure requirements under Chapter V of SEBI (SAST) Regulations, 2011
  • All conditions specified under Regulation 10(1)(a) for exemption have been duly complied with
  • No change in total promoter shareholding after the inter-se transfer
  • Market price considerations not applicable as transaction is by gift deed

Document Preparation and Submission

  • Prepared by: Ms. Ishwari Hanumantsinh Sindha, Company Secretary & Compliance Officer (M. No.: A80997)
  • Submitted to: BSE Limited, Department of Corporate Services
  • Digital signatures from all participating parties included in annexures

Financial Impact

No financial impact as transaction is by way of gift without consideration. No change in total promoter group shareholding (remains 63.03%).