Date: October 06, 2026

Transaction Details

Nature of Transaction: Inter-se transfer of equity shares by way of gift among promoter group members under Regulation 10(1)(a)(i) of SEBI SAST Regulations, 2011

Transferor/Donor: Rishi Chandrakant Sanghvi (Promoter Group)

Transferee/Donee (Acquirer): Maithili Rishi Sanghvi (Promoter Group)

Number of Shares Transferred: 1,05,53,614 equity shares

Percentage of Shareholding: 12.19% of total share capital

Consideration: No consideration involved (gift transfer)

Relationship Between Parties: The acquirer is the spouse of the transferor/donor and both are immediate relatives as defined in Regulation 2(1) of SEBI SAST Regulations

Regulatory Compliance Timeline

Regulation 10(5) Filing: Submitted to stock exchanges on September 01, 2026 (at least 4 working days before proposed acquisition)

Regulation 10(6) Filing: Submitted to stock exchanges on September 15, 2026 (within 4 working days after proposed acquisition)

Regulation 10(7) Filing: Submitted to SEBI on October 01, 2026 (within 21 working days from date of acquisition) via SEBI intermediary portal (SI Portal) application number 846

SEBI Fees Paid: ₹1,50,000 (with CGST ₹13,500 and SGST ₹13,500, total ₹1,77,000) under GSTIN 27AAAJS1679K1ZL

Shareholding Impact

Pre-Transaction Holding of Maithili Rishi Sanghvi: 8,65,760 shares (1.00% of total share capital)

Post-Transaction Holding of Maithili Rishi Sanghvi: 1,14,19,374 shares (13.19% of total share capital)

Pre-Transaction Holding of Rishi Chandrakant Sanghvi: 2,49,50,494 shares (28.82% of total share capital)

Post-Transaction Holding of Rishi Chandrakant Sanghvi: 1,43,96,880 shares (16.63% of total share capital)

Aggregate Promoter Group Holding: Remains unchanged at 44.82% post-transaction

Declarations and Confirmations

  • All conditions specified under Regulation 10(1)(a)(i) of SEBI SAST Regulations have been complied with
  • Transferors and transferees have complied/will comply with applicable disclosure requirements in Chapter V of SEBI SAST Regulations
  • No market price determination required as transaction is gift-based without consideration
  • The transaction qualifies for exemption under Regulation 10(1)(a)(i) for inter-se transfers among immediate relatives