Company Disclosure: Inter-Se Promoter Share Transfers

Transaction Details

Three separate gift transactions are disclosed from promoter Jayesh Natvarlal Pithva to three transferees, all members of the promoter group:

Transaction 1:

  • Transferor/Donor: Jayesh Natvarlal Pithva
  • Transferee/Donee: Daksha Jatin Sidhpura
  • Number of Shares: 30,000 equity shares
  • Percentage of Share Capital: 0.04%
  • Proposed Transaction Date: On or after November 5, 2026
  • Consideration: Nil (gift transfer)

Transaction 2:

  • Transferor/Donor: Jayesh Natvarlal Pithva
  • Transferee/Donee: Bhavika Samir Chudasama
  • Number of Shares: 30,000 equity shares
  • Percentage of Share Capital: 0.04%
  • Proposed Transaction Date: On or after November 5, 2026
  • Consideration: Nil (gift transfer)

Transaction 3:

  • Transferor/Donor: Jayesh Natvarlal Pithva
  • Transferee/Donee: Jyotsna Haresh Parmar
  • Number of Shares: 30,000 equity shares
  • Percentage of Share Capital: 0.04%
  • Proposed Transaction Date: On or after November 5, 2026
  • Consideration: Nil (gift transfer)

Shareholding Impact

Aggregate Promoter Group Holding:

  • Pre-transaction: 5.94% (4,966,914 shares)
  • Post-transaction: 5.91% (4,936,914 shares)

The decrease in aggregate holding from 5.94% to 5.91% represents the net effect after accounting for all three transactions of 90,000 shares total.

Individual Acquirer Holdings:

  • Daksha Jatin Sidhpura: Increases from 3,800 shares (0.004%) to 33,800 shares (0.04%)
  • Bhavika Samir Chudasama: Increases from 1 share (0.00%) to 10,000 shares (0.03%) [Note: 1 share holding appears inconsistent]
  • Jyotsna Haresh Parmar: Increases from 2,636 shares (0.003%) to 32,636 shares (0.04%)

Rationale and Considerations

The disclosed rationale for the transfers is "private transfer family arrangement." All transactions are by way of gift deeds with no consideration involved. The acquirers have declared compliance with applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011, and all conditions specified under Regulation 10(1)(a) for exemptions.

Financial Impact

No financial impact as the transfers are by way of gift with nil consideration. No change in total promoter group shareholding percentage post-transaction.

Documents Submitted

The filing includes prior intimations in the specified format under Regulation 10(5) of SEBI (SAST) Regulations, 2011, signed by each acquirer at Mumbai on October 28, 2026.