Transaction Details

  • Acquirer: Netizen Properties Private Limited
  • Target Company: Thakral Services (India) Limited
  • Seller: Paramount Park Limited
  • Number of shares acquired: 86,84,200 equity shares
  • Percentage of paid-up capital: 74%
  • Acquisition price: ₹15.25 per share
  • Transaction type: Off-market sale between companies where same person holds not less than fifty percent of equity shares
  • Exemption claimed under: Regulation 10(1)(a)(iii) of SEBI SAST Regulations
  • Date of acquisition: May 20, 2026

Regulatory Compliance Timeline

  • Regulation 10(5) filing: May 6, 2026 (4 working days before proposed acquisition)
  • Regulation 10(6) filing: May 21, 2026 (within 4 working days of acquisition)
  • Regulation 10(7) report: June 8, 2026 (within 21 working days from acquisition)
  • Regulation 29(1) & 29(2) filings: May 21, 2026
  • Regulation 7(2) of SEBI PIT Regulations: May 21, 2026

Financial Details

  • Transaction value: ₹13,24,34,050 (86,84,200 shares × ₹15.25)
  • SEBI fees: ₹1,50,000 (base fee) + ₹27,000 GST (18%) = ₹1,77,000 total
  • Payment reference: DIDNH771MI7S8O dated June 10, 2026
  • Volume weighted average price (VWAP): ₹15.06 per share for 60 trading days preceding notice issuance

Shareholding Changes

Pre-transaction holding:

  • Paramount Park Limited: 86,84,200 shares (74%)
  • Netizen Properties Private Limited: 0 shares (0%)

Post-transaction holding:

  • Paramount Park Limited: 0 shares (0%)
  • Netizen Properties Private Limited: 86,84,200 shares (74%)

Company Capital Structure

  • Total paid-up equity capital: 1,17,35,080 shares
  • Pre-acquisition capital: 1,17,35,080 shares
  • Post-acquisition capital: 1,17,35,080 shares (no change in total capital)

Regulatory Declarations

  • Acquisition price confirmed not higher than 25% above VWAP of ₹15.06
  • All conditions under Regulation 10(1)(a)(iii) duly complied with
  • Chapter V disclosure requirements of SAST Regulations complied with
  • Transferor and transferee have complied with all applicable disclosure requirements

Entity Information

Netizen Properties Private Limited

  • GSTIN: 27AABCN2302E1Z3
  • Director: Gurmukh Singh Thakral (DIN: 00309449)
  • Contact: +91 080 6823 2199, gsingh@thakral.com

Thakral Services (India) Limited

  • Communication address: 1st Floor, Shree Rajarajeshwari Arcade, Outer Ring Road, Near Courtyard Marriot Hotel Opp. Lumbini Garden, Veerannapalya Flyover Bengaluru - 560045

Paramount Park Limited

  • Registration No.: 16544/2652
  • PAN: AAECP4701A

Annexures Filed

  • Annexure A: Report under Regulation 10(7) of SEBI SAST Regulations
  • Annexure B: Acknowledgment of fees paid under Regulation 10(7)
  • Annexure C: Report filed under Regulation 10(5) of SEBI SAST Regulations
  • Annexure D: Report filed under Regulation 10(6) of SEBI SAST Regulations
  • Annexure E: Report filed under Regulation 29(1) & 29(2) of SEBI SAST Regulations along with Regulation 7(2) of SEBI(PIT) Regulation, 2015