Promoter acquires 69,900 shares (1.98%) from promoter group member by inter-se transfer, by way of gift

Promoter Mr. Aslam F Kagdi acquired 69,900 equity shares, or 1.98% of the share capital, from Jamilabibi Fazlurrehman Kagdi, a member of the Promoter Group.

Wed 7 Oct 2026

Shares acquired by promoter

69,900 equity shares, or 1.98% of the share capital

Acquirer's holding (before → after)

1,83,581 shares (5.21%) → 2,53,481 shares (7.19%)

Total voting capital

35,26,400 shares

What the update says

• Mr. Aslam F Kagdi, promoter of Hawa Engineers Ltd, acquired 69,900 equity shares, equal to 1.98% of the company's share capital, from Jamilabibi Fazlurrehman Kagdi.
• The seller is described as a member of the Promoter Group of the company.
• The transaction is an off-market inter-se transfer between promoters and members of the promoter group.
• The update describes it as a transfer without consideration, by way of gift.

Where the holdings move

• Before the transaction, the acquirer held 1,83,581 shares, or 5.21% of the total share capital.
• After the transaction, the acquirer holds 2,53,481 shares, or 7.19%.
• The seller held 2,09,700 shares (5.95%) before the transaction and 0 shares (0%) after it.
• The total equity share capital / total voting capital of the company is 35,26,400 shares both before and after the acquisition, so the number of shares in the company does not change.

The open offer angle

• The acquisition is made in reliance on the exemption under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011, which covers inter-se transfers among promoters, so the acquirer is exempt from making an open offer under this route.
• The update states the transaction would not change the overall promoter and promoter group shareholding in the company.

Other details in the disclosure

• The disclosure shows nil under the head of shares in the nature of encumbrance held by the acquirer, before and after the acquisition.
• The disclosure also shows nil for voting rights held otherwise than by shares, and nil for warrants or convertible securities entitling the acquirer to receive shares carrying voting rights, both before and after the acquisition.

How a retail investor can read this

• This is a transfer of shares within the promoter family, not a purchase from the open market and not a sale to outside investors.
• Because it is a gift, no cash changes hands in the transaction itself.
• The equity holding of the promoter group as a whole stays the same; only the name holding the shares changes.
• Such disclosures under Regulation 10(6) and Regulation 29(2) keep the market informed about how promoter-level holdings are moving, and are seen as routine ownership updates rather than a change in who controls the company.

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