Nature of Disclosure: Regulatory filing under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding transfer of equity shares by way of gift through an off-market transfer.

Key Transaction Details:

  • Promoter Shashi Garg transferred an aggregate of 9,00,000 equity shares (3.01% of total share/voting capital) by way of gift through off-market transfer.
  • The transfer was executed on 21.08.2026.
  • The shares were gifted to Deepan Garg (HUF), Atul Garg (HUF) and Lucky Garg (HUF) - 3,00,000 equity shares to each HUF account (1.00% each).
  • Deepan Garg, Atul Garg and Lucky Garg are sons of the transferor (Shashi Garg).
  • The donee HUFs are entities forming part of the Promoter Group.

Shareholding Changes:

Pre-Transfer Holding of Shashi Garg (as of latest filing):

  • Shares carrying voting rights: 28,14,977 equity shares
  • Percentage of total share/voting capital: 9.43%
  • Total holding (including encumbered shares and other instruments): 28,14,977 shares (9.43%)

Post-Transfer Holding of Shashi Garg:

  • Shares carrying voting rights: 19,14,977 equity shares
  • Percentage of total share/voting capital: 6.42%
  • Total holding: 19,14,977 shares (6.42%)

Capital Structure Impact:

  • Equity share capital before acquisition/sale: Rs. 298,449,850 comprising of 29,844,985 equity shares of face value of Rs. 10/- each
  • Equity share capital after acquisition/sale: Rs. 298,449,850 comprising of 29,844,985 equity shares of face value of Rs. 10/- each
  • Total diluted share/voting capital remains unchanged at Rs. 298,449,850
  • The transaction represents an intra-promoter group transfer with no change to the company's total share capital

Promoter Group Context:

The disclosure includes a detailed breakdown of promoter and promoter group shareholding as of the filing date, showing:

  • Total promoter/promoter group holding: 20,495,196 shares (68.67%)
  • Shashi Garg individual holding: 1,914,977 shares (6.42%)
  • The three donee HUFs now hold 300,000 shares each (1.00% each)
  • The aggregate promoter/promoter group shareholding remains unchanged at 68.67%

Regulatory Compliance:

  • Filed under Regulation 29(2) of SEBI Takeover Regulations
  • Addressed to National Stock Exchange of India Limited and BSE Limited
  • The transfer is entirely within the Promoter Group
  • As the post-acquisition shareholding of each donee HUF (1.00% each) is below 5%, no separate disclosure is required from them under Regulation 29(1)