Promoter group proposes inter-se gift of 1,09,54,611 shares (3.71%); aggregate holding unchanged
DCW Ltd has received intimation of a proposed inter-se transfer of shares within the promoter group, to be done by way of gift.
By ScoutQuest · · 2 min read
- Shares Proposed to Transfer
- 1,09,54,611 equity shares, equal to 3.71% of the paid-up capital
- Proposed Transfer Date
- on or after October 23, 2026
- Promoter Group Holding
- 45.59% stays the same before and after the transaction
What has been disclosed
DCW Limited has informed the stock exchanges that it has received information of an inter-se transfer of shares among the promoter group, disclosed under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The proposed transfers are to take place on or after October 23, 2026.
What is being transferred
In all, 1,09,54,611 equity shares, equal to 3.71% of the paid-up capital, are proposed to be transferred. The rationale given is a transfer of shareholding from joint demat holdings to a single demat account by way of gift, and the update states that no consideration is involved. The transactions are stated to fall within the exemption for transfer to immediate relatives under Regulation 10(1)(a)(i) of the Takeover Regulations, and the acquirers and sellers confirm compliance with the applicable disclosure requirements.
The five proposed transfers
- Mr. Vivek Jain jointly with Mrs. Meeta Jain to Mr. Vivek Jain: 92,04,242 shares
- Mr. Vivek Jain jointly with Mr. Saatvik Jain to Mr. Vivek Jain: 2,17,400 shares
- Mrs. Meeta Jain jointly with Mr. Vivek Jain to Mrs. Meeta Jain: 6,39,581 shares
- Mr. Saatvik Jain jointly with Mr. Vivek Jain to Mr. Saatvik Jain: 8,93,377 shares
- Mrs. Rima Saatvik Jain jointly with Mr. Saatvik Jain to Mrs. Rima Saatvik Jain: 11 shares
Who the acquirers are
Mr. Vivek Jain is a promoter of the company, and Mrs. Meeta Jain, Mr. Saatvik Jain and Mrs. Rima Saatvik Jain belong to the promoter group.
Effect on holdings
The update sets out each acquirer's holding before and after the proposed transaction, which is unchanged in each case, the joint holdings simply moving into the individuals' single demat accounts. The entire shareholding of the promoter and promoter group, amounting to 45.59%, remains the same before and after the transaction, as this is an inter-se transfer of shares between promoter and promoter group members.
Other inter-se transfers noted
A note in the update lists other inter-se transfers between promoter and promoter group members, including transfers of shares by Jain Sahu Brothers Properties LLP to Kishco Private Limited and to Mr. Ashish Jain, Mr. Bakul Jain, Mr. Vivek Jain and Mr. Mudi Jain, and a transfer of shares by Mrs. Durgawati Jain to Mr. Bakul Jain.
In short
This is a change in the manner in which promoter family shares are held, from joint names to single names, by way of gift. The promoter and promoter group holding stays at 45.59%.
More numbers
- Total shares proposed to be transferred1,09,54,611
- Total transfer as % of paid-up capital3.71%
- Transfer 1: Vivek Jain joint with Meeta Jain to Vivek Jain92,04,242
- Transfer 2: Vivek Jain joint with Saatvik Jain to Vivek Jain2,17,400
- Transfer 3: Meeta Jain joint with Vivek Jain to Meeta Jain6,39,581
- Transfer 4: Saatvik Jain joint with Vivek Jain to Saatvik Jain8,93,377
- Transfer 5: Rima Saatvik Jain joint with Saatvik Jain to Rima Saatvik Jain11
- Promoter and promoter group holding, before and after45.59%
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