Promoter acquires 4,14,800 shares (6.73%) by gift from mother in inter-se transfer

Promoter group member Rajeev Shantisarup Reniwal acquired 4,14,800 equity shares (6.73%) as a gift, without consideration, from his mother Mrs Lalitadevi Shantisarup Reniwal.

Fri 25 Sep 2026

Shares Acquired

4,14,800 equity shares (6.73%)

Acquirer's New Holding

19,53,809 shares (31.69%)

Acquirer's Previous Holding

15,39,009 shares (24.96%)

Transfer Dates

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

Transferor's New Holding

0 shares (0%)

What happened

Rajeev Shantisarup Reniwal, a member of the promoter group of Hariyana Ship Breakers Limited, acquired 4,14,800 equity shares (6.73%) of the company by way of gift without consideration, through an off-market transfer from his mother, Mrs Lalitadevi Shantisarup Reniwal, also part of the promoter and promoter group.

Transfer details

• 18 August 2026: 30,000 shares, 0.49% of total shareholding
• 20 August 2026: 3,84,800 shares, 6.24% of total shareholding
• Price: not applicable, as shares were acquired without consideration by gift from an immediate relative

Before and after

• Acquirer: from 15,39,009 shares (24.96%) to 19,53,809 shares (31.69%)
• Transferor: from 4,14,800 shares (6.73%) to 0 shares (0%)

Why no open offer

The update describes this as an inter-se transfer amongst immediate relatives and promoter group under Regulation 10(1)(a)(i) and (ii) of the SEBI (SAST) Regulations, 2011, which exempts the acquirer from making an open offer. The disclosure to BSE was shared on September 24, 2026 under Regulation 10(6).

The update also states that the advance disclosure required under Regulation 10(5) was not made within the timeline specified under the regulation.

What it means for investors

The shares moved within the same promoter family, so the combined promoter group stake in the company is unaffected and no money changed hands. Such updates are typically routine family or succession-related reorganisations of shareholding rather than a change in control of the company.

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