Off-market inter-se gift transfer of 22,56,774 equity shares among promoters

Promoter group members of the company transferred 22,56,774 equity shares to each other by way of gift.

Mon 5 Oct 2026

Shares Transferred

22,56,774 equity shares

Voting Rights

2.26% of the company's voting rights

Transfer Price

NIL (by way of Gift)

Transfer Route

off-market inter-se transfer within the promoter group

Acquisition Dates

25.09.2026 and 28.09.2026

What happened

Members of the promoter group of the company have transferred equity shares among themselves. Mahesh Chandra Garg, a promoter group member, informed the stock exchanges that 22,56,774 equity shares of the company, carrying 2.26% of the voting rights, were transferred by way of gift among members of the promoter group.

How the transfer was done

The transfer was an off-market inter-se transfer between members of the promoter group, made in reliance on Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011 — the exemption available when shares move within the same promoter group, so that no open offer is required.

The price recorded for the shares acquired is NIL (by way of Gift). The stated rationale is an internal family reorganisation intended to streamline succession and welfare of the family.

The size of the transfer

• 22,56,774 equity shares moved in total
• That equals 2.26% of the company's voting rights
• The same 2.26% is shown as the share of the diluted share capital

The dates of acquisition shown are 25.09.2026 and 28.09.2026.

Who gave, who got

• Ramesh Chandra Garg to Mahesh Chandra Garg: 264000 shares (0.26%)
• Savitri Devi to Mahesh Chandra Garg: 426000 shares (0.43%)
• Savitri Devi to Shyam Aggarwal: 113100 shares (0.11%)
• Kanak Lata to Shyam Aggarwal: 976245 shares (0.98%)
• Ram Aggarwal to Shyam Aggarwal: 452229 shares (0.45%)
• Savitri Devi to Rajiv Garg: 25200 shares (0.03%)

Before and after

For those who received shares

• Rajiv Garg: 1913250 shares (1.92%) before, 1938450 shares (1.94%) after
• Mahesh Chandra Garg: 3159060 shares (3.17%) before, 3849060 shares (3.86%) after
• Shyam Aggarwal: 776118 shares (0.78%) before, 2317692 shares (2.32%) after

For those who gave shares

• Ramesh Chandra Garg: 1710750 shares (1.72%) before, 1446750 shares (1.45%) after
• Savitri Devi: 938625 shares (0.94%) before, 374325 shares (0.38%) after
• Kanak Lata: 976245 shares (0.98%) before the transfer
• Ram Aggarwal: 2186868 shares (2.19%) before, 1734639 shares (1.74%) after

How to read this

The shares have shifted from one set of promoter family members to another, staying inside the promoter group. The people named on both sides are shown as promoters or as persons acting in concert. What changes is the holding of each individual within that group.

Because this is a gift at NIL price, it is not a market purchase or sale, and no money changes hands. The transfer is disclosed under Regulation 10(6) of the SEBI (SAST) Regulations, 2011, which is the periodic disclosure route for such promoter-group movements.

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