Prima Innovation Promoter Acquires 31.73% via Gift

Disclosure Context

Prima Innovation Limited (Scrip Code: 544855, Scrip Symbol: PRIMAINNO) submitted a disclosure to BSE Limited on 7th October 2026. The disclosure concerns transactions under Regulation 4(1) and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Nature of Event

The company received disclosures from Mr. Bhaskar Manharlal Parekh, a Promoter of the company, regarding his acquisition of equity shares. The transaction was an off-market transfer executed pursuant to proviso (i) to Regulation 4(1) of the Insider Trading Regulations.

Transaction Details

Acquirer: Mr. Bhaskar Manharlal Parekh (PAN: AGUPP5308E, DIN: 00166520), classified as a Promoter and Immediate Relative.

Transferor: Mr. Dilip Manharlal Parekh, Promoter of the company.

Date of Transaction: 6th October 2026.

Securities Transferred: 34,89,760 equity shares of Prima Innovation Limited (ISIN: INE13LA01027).

Transaction Type: Gift (an off-market inter-se transfer between promoters).

Transaction Value: The value of the transaction was nil, as it was a gift transfer.

Regulatory Basis: The transaction was executed under proviso (i) to Regulation 4(1) of the SEBI Insider Trading Regulations.

Shareholding Change

Pre-Transaction Holding (Bhaskar Parekh): 26,85,210 equity shares, constituting 24.41% of the company's shareholding.

Shares Acquired: 34,89,760 equity shares.

Post-Transaction Holding (Bhaskar Parekh): 61,74,970 equity shares, constituting 56.14% of the company's shareholding.

The transaction thus resulted in a transfer of a 31.73% stake in the company.

Compliance and Reporting

Intimation to Company: The acquirer, Mr. Bhaskar Parekh, intimated the company of the transaction on 6th October 2026 via a letter and submitted the required Form C.

Disclosure to Exchange: The company's Compliance Officer, Ms. Hetal Manubhai Panchal (Company Secretary, Membership No.: A79795), submitted the disclosure to the BSE on 7th October 2026.

Regulatory References: The disclosure was made under SEBI (Prohibition of Insider Trading) Regulations, 2015 [Regulation 7(2) read with Regulation 6(2)] and paragraph 8.1(a) of the company's Code of Conduct for Prevention of Insider Trading.

Additional Information

The company is listed only on the Bombay Stock Exchange. The Form C explicitly notes that the value of the transaction excludes taxes, brokerage, or any other charges.

#Tags: #PrimaInnovation #PromoterTransfer #SEBIRegulation #InsiderTrading #OwnershipChange #Neutral