PH Capital Limited has submitted a regulatory intimation to BSE Limited regarding the re-classification of promoters to public category following the completion of an open offer.
Nature of Disclosure: Regulatory compliance filing under SEBI LODR Regulation 31A(10)(ii) for promoter reclassification after substantial acquisition of shares.
Key Transaction Details:
- Acquirer: Mr. Aditya Himmat Bhansali
- Open Offer Completion Date: June 05, 2026
- Shares Acquired: 7,80,026 fully paid equity shares
- Regulatory Framework: SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011
Re-classification Details:
Twenty-four promoter and promoter group entities are being re-classified from 'Promoters or Promoter group' to 'public' category with immediate effect. The list includes:
1. Sejal Rikeen Dalal (Promoter Group)
2. Tej Pradip Dalal (Promoter)
3. Rikeen Pradip Dalal – HUF (Promoter Group)
4. Sujalbhai Vikrambhai Palkhiwala (Promoter Group)
5. Rikeen Pradip Dalal (Promoter)
6. Mandira Purohit (Promoter Group)
7. Ronil Rikeen Dalal (Promoter Group)
8. Rayan Rikeen Dalal (Promoter Group)
9. Varshaben Vikrambhai Palkhiwala (Promoter Group)
10. Saurinbhai Vikrambhai Palkhiwala (Promoter Group)
11. Sonaliben Saurinbhai Palkhiwala (Promoter Group)
12. Mohini Seth (Promoter Group)
13. Kisan Pradhan (Promoter Group)
14. Ruby Multimedia Private Limited (Promoter Group)
15. Krishna Trust (Promoter Group)
16. Tirupati Trust (Promoter Group)
17. Style Art Private Limited (Promoter Group)
18. Ficom Advisory LLP (Promoter Group)
19. Namo Communication LLP (Promoter Group)
20. Le Lux Renard Clothing LLP (Promoter Group)
21. Prestige Reality LLP (Promoter Group)
22. Greenpaper Clothing LLP (Promoter Group)
23. Hazey Jane Records LLP (Promoter Group)
24. Hazey Jane Productions LLP (Promoter Group)
Post-Reclassification Conditions Confirmed:
- The reclassified promoters hold zero equity shares in the company
- They do not hold more than ten percent of total voting rights
- They do not exercise direct or indirect control over company affairs
- They have no special rights through formal or informal arrangements
- They will not be represented on the Board or act as Key Managerial Personnel for three years
- They are not wilful defaulters per RBI guidelines
- They are not fugitive economic offenders
Company Compliance Undertakings:
- Company confirms compliance with Minimum Public Shareholding requirements under Regulation 38 of LODR
- Equity shares are not suspended from trading
- No outstanding dues payable to SEBI, Stock Exchange, or Depositories
Reference Documents:
- Letter of Offer dated May 08, 2026 by Mr. Aditya Himmat Bhansali
- SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Effective Date: The re-classification is effective immediately from June 08, 2026.