Three promoter group members acquire 1.98% stake each via inter-se gift transfer

Disclosures under Reg 10(6) of SEBI (SAST) Regulations, 2011 for Hawa Engineers.

Thu 8 Oct 2026

Shares Acquired Each

69900 equity shares, or 1.98% of the share capital

Post-Transfer Holdings

Asad 336382 shares (9.54%), Aslam 253481 shares (7.11%), Mohammed 184823 shares (5.24%)

Transaction Type

inter-se transfer without consideration, as a gift, under Reg 10(1)(a)(i); no open offer

Hawa Engineers Ltd has placed on record disclosures under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

What was disclosed

• Three members of the promoter group acquired equity shares of the company from another member of the promoter group.
• Mr. Asad F Kagdi acquired 69900 equity shares, amounting to 1.98% of the share capital.
• Mr. Aslam F Kagdi acquired 69900 equity shares, amounting to 1.98% of the share capital.
• Mr. Mohammed Fazlurrehman Kagdi acquired 69900 equity shares, amounting to 1.98% of the share capital.
• The seller is Jamilabibi Fazlurrehman Kagdi, a member of the promoter group.
• The transaction is described as an off-market inter-se transfer between promoters under Regulation 10(1)(a)(i), without consideration, by way of gift.

How the holdings change

• Asad F Kagdi holds 336382 shares, or 9.54% of the share capital, after the transfer.
• Aslam F Kagdi holds 253481 shares, or 7.11% of the share capital, after the transfer.
• Mohammed Fazlurrehman Kagdi holds 184823 shares, or 5.24% of the share capital, after the transfer.

What it means for investors

• The shares move from one promoter group member to other promoter group members, so ownership stays within the promoter group.
• Because this is an inter-se transfer among promoters, the acquirers are exempt from making an open offer to public shareholders.
• The transfer is by way of gift without consideration, so no purchase price is involved.
• The disclosure also states that the proposed acquisition was required to be disclosed under Regulation 10(5) and that such disclosure was made.

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