Inter-se gift of 4,14,800 promoter shares (6.73%); prior intimation admittedly missed

A promoter group member, Rajeev Shantisarup Reniwal, received 4,14,800 equity shares (6.73% of capital) as a gift from Lalitadevi Shantisarup Reniwal.

Fri 25 Sep 2026

Shares transferred

4,14,800 equity shares

Percentage of capital

6.73%

Transfer dates

18th August 2026 (30,000 shares) and 20th August 2026 (3,84,800 shares)

Acquirer and PACs holding after transfer

46,21,814 shares (74.95%)

What happened

Rajeev Shantisarup Reniwal, a member of the promoter group of Hariyana Ship Breakers Limited, has disclosed an inter-se transfer of shares received as a gift from Lalitadevi Shantisarup Reniwal, also part of the promoter group and his mother.

• 18th August 2026: 30,000 equity shares, shown as 0.49% of total shareholding
• 20th August 2026: 3,84,800 equity shares, shown as 6.24% of total shareholding
• Total: 4,14,800 shares, 6.73% of paid-up equity share capital / voting rights

Consideration

The price is stated as Nil. The shares were transferred by way of gift between immediate relatives, so no consideration is involved. Market price benchmarks were marked not applicable for the same reason.

Shareholding change

• Acquirer and PACs (other than sellers): from 42,07,014 shares (68.22%) to 46,21,814 shares (74.95%)
• Seller: from 4,14,800 shares (6.73%) to 0 shares (0%)

The transfer is within the promoter group, so overall promoter group control is being rearranged among family members rather than changing hands outside the group.

Exemption claimed

The acquirer relies on the exemption from making an open offer under Regulation 10(1)(a)(i) and (ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, applicable to inter-se transfers among immediate relatives and promoter group, subject to the prescribed conditions.

Compliance point

The acquirer places on record that the prior intimation required under Regulation 10(5) — to be furnished at least four working days before the proposed acquisition — was inadvertently not submitted before the transaction. The annexure also states the transferor and transferee did not make the Chapter V disclosures within the applicable timelines, and that those disclosures are being furnished separately. The acquirer expresses regret and assures timely compliance in future.

What investors may note

This is a family gift within the promoter group with no money changing hands and no change in the combined promoter group stake from the transaction itself. The main point of interest is the delayed update, which the acquirer has voluntarily flagged to the exchange.

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