Promoter disposed of 4,48,000 shares; Form C not received, company seeks explanation

Promoter M/s. Indrayani Biotech Limited disposed of 4,48,000 equity shares on 30 September 2026.

Tue 6 Oct 2026

Shares Disposed by Promoter

4,48,000 equity shares

Disposal Date

30 September 2026

Form C Submission Timeline

Form C would be submitted by the end of the day on 07 October 2026

What the update says

• The company states that, on verification of the share transaction report received from its Registrar and Share Transfer Agent (RTA), it observed that M/s. Indrayani Biotech Limited, a promoter, had disposed of 4,48,000 equity shares of the company on 30 September 2026.
• Form C is the disclosure required in respect of such a transaction. The company states that it had not received any prior intimation or the requisite disclosure in Form C from the promoter in respect of the transaction up to 05 October 2026.
• On 05 October 2026, after identifying the transaction, the company sent an email to the promoter seeking an explanation and requesting submission of the requisite disclosure in Form C and the applicable pre-clearance documentation, in accordance with the applicable regulatory requirements and the company's Code of Conduct.
• On 06 October 2026, the company received an email from the Company Secretary of the promoter stating that Form C would be submitted by the end of the day on 07 October 2026.
• The company states that, as of the date and time of this intimation, it has not received Form C from the promoter company.
• The company states that it shall take appropriate further action in accordance with the applicable provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, including Regulation 7(2), and other applicable regulatory requirements.

The figure to note

• 4,48,000 equity shares is the quantity the update states the promoter disposed of on 30 September 2026.

Sequence of events, as set out in the update

• 30 September 2026: the promoter disposed of 4,48,000 equity shares.
• Up to 05 October 2026: the company states no prior intimation or Form C disclosure was received for the transaction.
• 05 October 2026: the company emailed the promoter seeking an explanation, Form C and the applicable pre-clearance documentation.
• 06 October 2026: the promoter's Company Secretary replied by email that Form C would be submitted by the end of the day on 07 October 2026.
• At the date and time of this intimation: the company states Form C had not been received.

Why this is being told to the exchange

This is an intimation placing facts on record and bringing the non-receipt of the requisite disclosure from the promoter company to the notice of the stock exchange. The company has also stated the route it intends to follow for further action, namely the applicable provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, including Regulation 7(2), and other applicable regulatory requirements.

What the update flags for readers

• The transaction itself is a disposal of shares by a promoter of the company.
• The point highlighted by the company is the disclosure process around that transaction: the company says the required Form C had not come in as of this intimation.
• The update records the company's stated intention to take appropriate further action under the applicable provisions, and the promoter's stated timeline of end of day 07 October 2026 for submitting Form C.

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