Nature of the Event

Regulatory disclosure of an inter-se transfer of equity shares by way of gift between promoters of Parnax Lab Limited, exempt from open offer requirements under SEBI Takeover Regulations.

Key Quantitative Figures

  • Number of shares transferred: 361,872 equity shares
  • Percentage of total paid-up capital: 3.15%
  • Total paid-up share capital of company: ₹11,48,56,160 comprising 1,14,85,616 equity shares of ₹10 each
  • SEBI filing fee paid: ₹177,000 for report filing under Regulation 10(7)

Dates of Action

  • Proposed acquisition intimation to exchanges (Reg. 10(5)): June 25, 2026
  • Actual date of transaction: July 20, 2026
  • Disclosure under Regulation 29(2): July 22, 2026
  • Post-acquisition report to exchanges (Reg. 10(6)): July 24, 2026
  • Final report to SEBI (Reg. 10(7)): August 13, 2026
  • Insider trading disclosure (Reg. 7(3)): July 24, 2026

Parties Involved

  • Transferor/Donor: Ms. Ila B. Shah, Promoter of Parnax Lab Limited
  • Transferee/Donee: Mr. Prakash Mahasukhlal Shah, Promoter of Parnax Lab Limited
  • Target Company: Parnax Lab Limited (CIN: L36912MH1982PLC027925)
  • Stock Exchange: BSE Limited (Scrip Code: 506128, ISIN: INE383L01019)
  • Regulator: Securities and Exchange Board of India (SEBI)

Shareholding Impact

Pre-Transaction Holding (as of July 20, 2026):

  • Prakash Mahasukhlal Shah: 12,01,676 shares (10.46%)
  • Ila B. Shah: 13,61,872 shares (11.86%)
  • Total Promoter Group: 25,63,548 shares (22.32%)

Post-Transaction Holding:

  • Prakash Mahasukhlal Shah: 15,63,548 shares (13.61%) - increase of 361,872 shares
  • Ila B. Shah: 10,00,000 shares (8.71%) - decrease of 361,872 shares
  • Total Promoter Group: 25,63,548 shares (22.32%) - unchanged

Transaction Details

  • Type: Off-market inter-se transfer by way of gift
  • Acquisition price per share: Not applicable (gift transaction)
  • Relationship between parties: Seller is wife of brother of the acquirer. Both are promoters but not immediate relatives as defined in Regulation 2(l) of Takeover Regulations.
  • Rationale: Inter-se transfer within promoter/promoter group pursuant to Regulation 10(1)(a)(ii)

Compliance Status

  • All regulatory timelines were met:
  • Regulation 10(5) notice filed at least 4 working days before proposed acquisition (June 25, 2026)
  • Regulation 10(6) report filed within 4 working days after acquisition (July 24, 2026)
  • Regulation 10(7) report filed to SEBI within 21 working days from acquisition (August 13, 2026)
  • All requisite fees paid to SEBI (₹177,000)
  • All necessary disclosures under Chapter V of Takeover Regulations and Insider Trading Regulations completed

Financial Impact

No financial impact as the transaction was executed by way of gift without monetary consideration.

Capital Structure Impact

Change in individual promoter holdings but no change in aggregate promoter group shareholding. No dilution or change to total paid-up capital.

#Tags: #ParnaxLab #SEBIRegulation10 #PromoterTransfer #GiftTransaction #RegulatoryCompliance #OwnershipDisclosure #Neutral