Promoter group member acquires 69900 shares (1.98%) in inter-se transfer by way of gift

Hawa Engineers Ltd has received a disclosure under Regulation 10(6) of SEBI (SAST) Regulations, 2011.

Wed 7 Oct 2026

Shares Acquired

69900 equity shares — 1.98% of the company's share capital

Acquirer Holding Before

1,14,923 shares (3.26%)

Acquirer Holding After

184823 shares (5.24%)

What the update says

Hawa Engineers Ltd has received a disclosure under Regulation 10(6) of SEBI (SAST) Regulations, 2011, from Mr. Mohammed Fazlurrehman Kagdi, described as a member of the promoter group and as the Acquirer.

• He acquired 69900 equity shares, equal to 1.98% of the share capital of the company.
• The shares were acquired from Jamilabibi Fazlurrehman Kagdi, also a member of the promoter group.
• The route is an inter-se transfer between promoters under Regulation 10(1)(a)(i) of the SAST Regulations.
• The update states this is a transfer without consideration, by way of gift — so no price was paid for the shares.

Who holds what

• Acquirer: 1,14,923 shares (3.26%) before the transaction, 184823 shares (5.24%) after it.
• Seller: 2,09,700 shares (5.95%) before the transaction, 0 shares (0%) after it.

The proposed acquisition disclosure was made, and the disclosure was shared with BSE on 29.09.2026. The transaction date is 07.10.2026.

How to read it

• Both the person giving the shares and the person receiving them belong to the promoter group. So this is a movement of shares from one promoter group member to another, not shares coming in from an outside buyer or going out to one.
• Because the acquisition is an inter-se promoter transfer, the acquirer relies on the exemption from making an open offer that the regulations provide for this category.
• The disclosure carries no price, since the transfer is by way of gift and without consideration.

What an investor may take away

• This is a change in who within the promoter group holds the shares. The update sets out the acquirer's holding rising from 3.26% to 5.24% and the seller's holding falling from 5.95% to 0%.
• Such disclosures are routine ownership updates and are commonly seen as administrative in nature, since they do not involve a new outside investor or a change in the identity of the promoter group itself.

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