Promoter Receives 3,58,740 Shares (2.24%) From HUF Dissolution; No Change in Total Promoter Holding
Promoter Basant Kumar Kabra has received 3,58,740 equity shares (2.24% of capital) from Basantkumar Kabra HUF, which was dissolved under a partition deed.
- Shares Received from HUF Dissolution
- 3,58,740 equity shares (2.24% of capital)
- Basant Kumar Kabra - Before Holding
- 14,79,876 shares (9.256%)
- Basant Kumar Kabra - After Holding
- 18,38,616 shares (11.496%)
- Date of Acquisition
- September 25, 2026
- Open Offer Exemption
- Exempt under Regulation 10(1)(g)
What was shared
Promoter Basant Kumar Kabra made a disclosure under Regulation 10(6) read with Regulation 10(1)(g) of the SEBI (SAST) Regulations, 2011, to BSE and NSE.
The transaction
- Basantkumar Kabra HUF, part of the promoter/promoter group, held 3,58,740 equity shares, or 2.24% of paid-up capital.
- Under a partition deed, the HUF has been dissolved and Mr. Basant Kumar Kabra, a coparcener, received the entire shareholding.
- Date of acquisition: September 25, 2026.
- Price: Nil, since the acquisition is by way of transmission, succession and inheritance on dissolution of the HUF.
Shareholding before and after
- Basant Kumar Kabra: from 14,79,876 shares (9.256%) to 18,38,616 shares (11.496%).
- Basantkumar Kabra HUF: from 3,58,740 shares (2.24%) to 0 shares (0%).
What it means for investors
This is an internal re-arrangement within the promoter family. The update states there will be no change in the aggregate shareholding of the promoters and promoter group of the company. No shares were sold to outside parties and no money changed hands.
Open offer
The acquisition is exempted from the open offer requirement under Regulation 10(1)(g) of the SAST Regulations, which covers transfers arising from inheritance and succession-type events.
Also from Control Print
Promoter Raises Stake to 11.496% via Intra-HUF Acquisition of 3,58,740 Shares
30 Sep 2026
More numbers
- Shares transferred from HUF3,58,740
- Stake transferred as % of capital2.24%
- Acquirer holding pre-transaction (shares)14,79,876
- Acquirer holding pre-transaction (%)9.256%
- Acquirer holding post-transaction (shares)18,38,616
- Acquirer holding post-transaction (%)11.496
- HUF holding post-transaction0
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