Promoter acquires 69900 shares (1.98%) from promoter group member in inter-se gift transfer

Promoter Asad F Kagdi acquired 69900 equity shares of Hawa Engineers Ltd, equal to 1.98% of the company's share capital, from Jamilabibi Fazlurrehman Kagdi, a member of the Promoter Group.

Wed 7 Oct 2026

Shares Acquired

69900 equity shares, equal to 1.98% of the company's share capital

Acquirer Holding Change

266482 shares (7.56%) to 336382 shares (9.54%)

Seller Holding Change

2,09,700 shares (5.95%) to 0 shares (0%)

What happened

• Promoter Asad F Kagdi acquired 69900 equity shares of Hawa Engineers Ltd from Jamilabibi Fazlurrehman Kagdi, a member of the Promoter Group of the company.
• The shares amount to 1.98% of the share capital of the company.
• The update describes the route as an off-market inter-se transfer between promoters under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• The transfer was without consideration, by way of gift, so no price was paid for the shares.

Holding before and after

• Acquirer, Asad F Kagdi: 266482 shares (7.56%) before, 336382 shares (9.54%) after.
• Seller, Jamilabibi Fazlurrehman Kagdi: 2,09,700 shares (5.95%) before, 0 shares (0%) after.

How to read this

• This is a change in who within the promoter group holds the shares, rather than a sale to outside investors.
• No cash changed hands, so no fresh money comes into the company from this transaction.
• The update states the acquirer is exempt from making an open offer on the strength of the inter-se promoter transfer exemption it has relied on.
• The disclosure form also records that a disclosure of the proposed acquisition was required under Regulation 10(5), that it was made within the specified timeline, and that it was shared with the stock exchange BSE on 29.09.2026.

Other details recorded

• Date of acquisition: 07.10.2026.
• Place: Ahmedabad.

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