Promoter Aslam F Kagdi acquires 69900 shares (1.98%) from a promoter group member by way of gift
Hawa Engineers promoter Mr. Aslam F Kagdi has acquired 69900 equity shares, or 1.98% of the company's share capital, from Jamilabibi Fazlurrehman Kagdi, a member of the promoter group.
- Shares acquired
- 69900 equity shares (1.98%)
- Acquirer holding (before ➡️ after)
- 183581 shares (5.21%) ➡️ 253481 shares (7.11%)
- Seller holding (before ➡️ after)
- 2,09,700 shares (5.95%) ➡️ 0 shares (0%)
A gift of shares inside the promoter family
Mr. Aslam F Kagdi, the promoter of Hawa Engineers Ltd, has acquired 69900 equity shares of the company, amounting to 1.98% of its share capital, from Jamilabibi Fazlurrehman Kagdi, a member of the promoter group. The shares moved through an off-market inter-se transfer between promoters, and the update states this is a transfer without consideration, by way of gift. No cash changes hands in such a transfer.
What changes in the shareholding
- Acquirer Mr. Aslam F Kagdi: from 183581 shares (5.21%) before the transaction to 253481 shares (7.11%) after it.
- Seller Jamilabibi Fazlurrehman Kagdi: from 2,09,700 shares (5.95%) before the transaction to 0 shares (0%) after it.
How to read it
The acquisition is disclosed under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The update states the acquirer is exempt from making an open offer under the inter-se promoter transfer provision, Regulation 10(1)(a)(i).
Two points a retail investor can note. First, this is a movement of shares within the promoter group, so the total shares held by promoters as a group does not change on account of this transfer; what changes is who within the group holds them. Second, because the transfer is by way of gift and without consideration, there is no purchase price being paid for these shares.
The acquirer's individual holding after the transfer is 253481 shares, or 7.11% of the share capital, and the seller's holding falls to nil. The disclosure was shared with BSE on 29.09.2026, and the date of acquisition recorded in the update is 07.10.2026.
Also from Hawa Engineers
Hawa Engineers Ltd: promoter reports multiple share transactions
8 Oct 2026
Three promoter group members acquire 1.98% stake each via inter-se gift transfer
8 Oct 2026
Hawa Engineers Ltd promoter buys 1.98% stake, holding rises to 7.19%
7 Oct 2026
More numbers
- Equity shares acquired by Mr. Aslam F Kagdi69900 shares
- Shares acquired as % of diluted share capital1.98%
- Acquirer holding pre-transaction (shares)183581
- Acquirer holding pre-transaction (% of capital)5.21%
- Acquirer holding post-transaction (shares)253481
- Acquirer holding post-transaction (% of capital)7.11%
- Seller holding pre-transaction (shares)2,09,700
- Seller holding pre-transaction (% of capital)5.95%
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