Disclosure Overview
Prima Innovation Limited (Scrip Code: 544855, Scrip Symbol: PRIMAINNO) submitted a disclosure to BSE Limited on October 7, 2026, regarding a significant change in promoter shareholding. The disclosure comprises two regulatory filings under the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Nature of the Event
This is a disclosure of an off-market inter-se transfer of equity shares between promoters of the company, executed as a gift transaction.
Key Transaction Details
- Transferor: Mr. Dilip Manharlal Parekh (Promoter, DIN: 00166385)
- Transferee: Mr. Bhaskar Manharlal Parekh (Promoter of the Company)
- Securities Transferred: 34,89,760 equity shares
- Percentage of Shareholding: 31.73% of the total paid-up share capital of the company
- Transaction Date: October 6, 2026
- Transaction Type: Gift
- Mode of Transfer: Off-market inter-se transfer
- Value of Transaction: Nil (as disclosed in Form C, since the transfer is a gift)
- Regulatory Basis: Executed pursuant to proviso (i) to Regulation 4(1) of the SEBI Insider Trading Regulations
Shareholding Change
- Pre-Transaction Holding of Dilip Parekh: 34,89,760 equity shares (31.73%)
- Post-Transaction Holding of Dilip Parekh: 0 equity shares (0%)
- The disclosure does not specify the post-transaction holding of the transferee, Mr. Bhaskar Manharlal Parekh.
Document References
- The disclosure includes a covering letter from the company to BSE.
- It includes a personal letter from Mr. Dilip Parekh to the Company Secretary dated October 6, 2026.
- It includes a completed Form C as required by SEBI regulations.
Additional Information
- Company ISIN: INE13LA01027
- Company Address: Survey No. 85/1-2, 86/1, Daman Ind Estate, Kadaiya, Daman and Diu - 396210, India
- Transferor Address: Shivam Vallabh Society, Plot No.49, Room No. 201, Road No. 2, JVPD Scheme, Vile Parle (W), Mumbai-400056
- The disclosure confirms no trading in derivatives on the company's securities by the promoter.