Transaction Details

  • Date of Transaction: July 21, 2026
  • Transferor/Donor: Mr. Baiju Shah, Promoter of the Company
  • Transferee/Donee: Mr. Mihir Prakash Shah, Promoter of the Company
  • Number of Shares Transferred: 377,355 equity shares (Three Lakhs Seventy-Seven Thousand Three Hundred Fifty-Five)
  • Transaction Type: Off-market inter-se transfer by way of gift within Promoter/Promoter Group
  • Exemption Claimed: Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Shareholding Changes

Pre-Transaction Holdings (as of July 21, 2026):

  • Mihir Prakash Shah: 1,141,250 shares (9.94% of total share capital)
  • Baiju Shah: 1,329,261 shares (11.57% of total share capital)
  • Combined Promoter Holding: 2,470,511 shares (21.51% of total share capital)

Post-Transaction Holdings:

  • Mihir Prakash Shah: 1,518,605 shares (13.22% of total share capital)
  • Baiju Shah: 951,906 shares (8.29% of total share capital)
  • Combined Promoter Holding: 2,470,511 shares (21.51% of total share capital) - unchanged

Regulatory Compliance Timeline

  • Regulation 10(5) Filing: June 25, 2026 (prior intimation to stock exchanges)
  • Transaction Execution: July 21, 2026
  • Regulation 10(6) Filing: July 24, 2026 (post-transaction report to stock exchanges)
  • Regulation 29(2) Filing: July 22, 2026 (disclosure of acquisition)
  • Regulation 7(3) Filing: July 24, 2026 (insider trading disclosure)
  • Regulation 10(7) Filing: August 13, 2026 (final report to SEBI)

Company Capital Structure

  • Paid-up Share Capital: ₹11,48,56,160
  • Total Shares: 11,485,616 fully paid equity shares of ₹10 each

Relationship Between Parties

  • Acquirer (Mihir Shah) is nephew of the Transferor (Baiju Shah)
  • Both parties are promoters of Parnax Lab Limited
  • The parties are not 'immediate relatives' as defined in Regulation 2(l) but both belong to Promoter/Promoter Group

Financial Considerations

  • Acquisition Price: Not applicable (gift transaction)
  • SEBI Filing Fee: ₹177,000 paid for Regulation 10(7) report filing
  • Transaction Value: Not quantified (gift arrangement)

Impact Assessment

  • No change to overall promoter group shareholding (remains at 21.51%)
  • No dilution effect on public shareholders
  • No financial impact on company operations
  • Compliance with all SEBI regulatory requirements completed

Supporting Documentation

  • Proof of SEBI fee payment (₹177,000) attached
  • Copies of all regulatory disclosures submitted as annexures
  • Digital signatures and authentication provided for all filings