Transaction Details
- Type of Transaction: Inter-se transfer of shares among promoter and promoter group
- Acquirers: Kailashchandra Kesardeo Seksaria and Yashasvi Seksaria (both existing promoters)
- Transferor: Kailashchandra & Sons (HUF)
- Number of Shares: 3,500 equity shares
- Percentage of Share Capital: 0.03%
- Proposed Acquisition Date: On or after September 25, 2026 (anytime after 4 working days from the date of intimation)
- Transaction Rationale: Inter-se transfer among promoter group by settlement deed due to dissolution of HUF
Regulatory Exemption
- The transaction qualifies for exemption from making an open offer under Regulation 10(1)(a)(i) and (ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- Exemption applies as it involves transfer between immediate relatives and qualifying persons named as promoters in the shareholding pattern for not less than three years
- Acquisition price will not exceed limits provided in proviso (i) of Regulation 10(1)(a) of SEBI SAST Regulations
Shareholding Impact
Pre-Transaction Holding:
- Kailashchandra & Sons (HUF): 3,500 shares (0.03%)
- Kailashchandra Kesardeo Seksaria & Yashasvi Seksaria: NIL
Post-Transaction Holding:
- Kailashchandra & Sons (HUF): NIL
- Kailashchandra Kesardeo Seksaria & Yashasvi Seksaria: 3,500 shares (0.03%)
Aggregate Promoter Group Holding: Remains unchanged at 0.03% of total share capital
Compliance Declarations
- The acquirer confirms compliance with all conditions specified under Regulation 10(1)(a) for exemptions
- Transferor and transferee have complied/will comply with applicable disclosure requirements under Chapter V of Takeover Regulations, 2011
- The shares are infrequently traded as per the disclosure
Filing Details
- Filed with BSE Limited on September 21, 2026
- Signed by Aparna Seksaria, Managing Director (DIN: 05144690)
- Company CIN: U64920MH2021PLC358689