Transaction Details
Three separate gift transactions were executed:
Transaction 1 (25th June, 2026):
- Transferor/Donor: Abha Santoshkumar Saraswat
- Transferee/Donee: Nisha Chandresh Saraswat
- Number of shares: 8,80,098 equity shares
- Percentage of shareholding: 5.44%
Transaction 2 (27th June, 2026):
- Transferors/Donors:
1. Santoshkumar Ramjilal Saraswat (3,64,598 shares)
2. Abha Santoshkumar Saraswat (5,60,709 shares)
- Transferee/Donee: Nisha Chandresh Saraswat
- Total shares: 9,25,307 equity shares
- Percentage of shareholding: 5.72%
Transaction 3 (27th June, 2026):
- Transferor/Donor: Santosh Kumar Ramjilal Saraswat
- Transferee/Donee: Pooja Saraswat
- Number of shares: 3,00,000 equity shares
- Percentage of shareholding: 1.85%
Shareholding Impact
Pre-Transaction Holdings (as disclosed in Regulation 10(7) report):
- Nisha Chandresh Saraswat: 12,97,112 shares (8.01%)
- Pooja Saraswat: 5,04,321 shares (3.12%)
- Abha Santoshkumar Saraswat: 12,44,696 shares (7.69%)
- Santoshkumar Ramjilal Saraswat: 8,60,709 shares (5.32%)
Post-Transaction Holdings:
- Nisha Chandresh Saraswat: 31,02,517 shares (19.17%) - increase of 18,05,405 shares
- Pooja Saraswat: 8,04,321 shares (4.97%) - increase of 3,00,000 shares
- Abha Santoshkumar Saraswat: 0 shares - decrease of 12,44,696 shares
- Santoshkumar Ramjilal Saraswat: 5,60,709 shares (3.46%) - decrease of 3,00,000 shares
Company Capital Structure
- Total equity share capital: ₹16,18,33,440
- Total number of shares: 1,61,83,344 equity shares of ₹10 each
- No change in total share capital due to these off-market transfers
Relationship Between Parties
The transactions represent family arrangements:
- Pooja Saraswat (acquirer) is daughter of Santoshkumar Ramjilal Saraswat (seller)
- Nisha Chandresh Saraswat (acquirer) is daughter-in-law of Santoshkumar Ramjilal Saraswat and Abha Santoshkumar Saraswat (sellers)
Exemption Basis
The transactions qualify for exemption from open offer requirements under:
- Regulation 10(1)(a)(i): Transfer between immediate relatives
- Regulation 10(1)(a)(ii): Transfer between persons named as promoters in the shareholding pattern for not less than three years prior to the acquisition
Document Attachments
The filing includes multiple annexures:
- Annexure I: SEBI payment confirmation dated 13th July, 2026
- Annexure II: Prior intimation under Regulation 10(5)
- Annexure III: Disclosure under Regulation 10(6)
- Annexure IV: Disclosure under Regulation 29(2) by both acquirer and seller
- Annexure V: Shareholding pattern showing acquirers and sellers as part of promoter & promoter group
Financial Impact
No monetary consideration involved as transactions were executed via gift deeds. The aggregate shareholding of the promoter and promoter group remains unchanged at 59.86% post-transaction.
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