Intimation of proposed inter-se promoter transfer of 69,900 shares (1.98%) by way of gift

Promoter group member Mr. Asad Fazlurrehman Kagdi has intimated a proposed acquisition of 69900 shares, being 1.98% of share capital, from Jamilabibi Fazlurrehman Kagdi.

Wed 30 Sep 2026

Shares to be acquired

69900 shares (1.98% of share capital)

Acquirer current holding

2,66,482 shares (7.56%)

Acquirer post-transfer holding

3,36,382 shares (9.54%)

Seller current holding

2,09,700 shares (5.95%)

Transfer date

on or after 07.10.2026

What was shared

A disclosure under Regulation 10(5) of the SEBI (SAST) Regulations, 2011, intimating a proposed acquisition of shares within the promoter group of the company.

The proposed transaction

• Acquirer: Mr. Asad Fazlurrehman Kagdi, a member of the Promoter group prior to the transaction.
• Seller: Jamilabibi Fazlurrehman Kagdi.
• Shares to be acquired: 69900, being 1.98% of share capital.
• Proposed date: on or after 07.10.2026.
• Price: this is a transfer without consideration, by way of gift.
• Rationale: inter-se transfer among promoters pursuant to Regulation 10(1)(a)(i).

Shareholding before and after

• Acquirer individually: from 2,66,482 shares (7.56%) to 3,36,382 shares (9.54%).
• Seller: from 2,09,700 shares (5.95%) to 139800 shares (3.96%).
• Acquirer and PACs (other than sellers) together: from 16,49,685 shares (46.37%) to 17,19,585 shares (45.35%).

How to read it

Since the shares move from one promoter family member to another without any money changing hands, there is no new outside investor and no cash flows into the company. The acquirer claims exemption from making an open offer under the inter-se promoter transfer route, and has declared that the conditions under Regulation 10(1)(a) and the disclosure requirements under Chapter V have been or will be complied with.

Such intimations are routine housekeeping within promoter families and do not by themselves change the company's business or financials.

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