Intimation of Inter-se Promoter Transfer of 69,900 Shares (1.98%) by Way of Gift
A promoter group member has intimated an intended inter-se promoter transfer.
- Shares to be transferred
- 69,900 shares
- Transfer percentage
- 1.98% of share capital
- Transfer consideration
- Without consideration, by way of gift
- Proposed transfer date
- On or after 07.10.2026
- Acquirer's holding after transfer
- 2,53,481 shares (7.19%)
What was shared
This is a prior intimation under Regulation 10(5) of the SEBI (SAST) Regulations, 2011, for a proposed acquisition exempt under Regulation 10(1)(a)(i) — an inter-se transfer among promoters.
Key details
- Acquirer: Mr. Aslam Fazlurrehman Kagdi, a member of the promoter group of the company before the transaction
- Transferor: Jamilabibi Fazlurrehman Kagdi
- Shares proposed to be acquired: 69900
- As a percentage of share capital: 1.98%
- Price: transfer without consideration, by way of gift
- Proposed date: on or after 07.10.2026
Shareholding change
- Acquirer: from 1,83,581 shares (5.21%) to 2,53,481 shares (7.19%)
- Transferor: from 2,09,700 shares (5.95%) to 139800 shares (3.96%)
- Total for acquirer and persons acting in concert: 43.37% before, 47.33% after
How to read it
Because the shares move within the promoter family as a gift, no money changes hands and no open offer is triggered. The acquirer has declared that the conditions for the exemption and the disclosure requirements under Chapter V have been or will be complied with.
For public shareholders, such a update is generally seen as a reshuffling of holdings inside the promoter group rather than a change in the company's business or control.
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Three promoter group members acquire 1.98% stake each via inter-se gift transfer
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Hawa Engineers Ltd promoter buys 1.98% stake, holding rises to 7.19%
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More numbers
- Shares proposed to be acquired69900
- Shares acquired as % of share capital1.98%
- Acquirer holding before (shares)1,83,581
- Acquirer holding before (%)5.21%
- Acquirer holding after (shares)2,53,481
- Acquirer holding after (%)7.19%
- Seller holding before (shares)2,09,700
- Seller holding before (%)5.95%
- Seller holding after (shares)139800
- Seller holding after (%)3.96%
- Total acquirer and PAC holding before43.37%
- Total acquirer and PAC holding after47.33%
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