Promoter Receives 1,53,375 Shares (3.82%) as Gift From Mother in Inter-se Transfer
Promoter Rajeev Shantsarup Reniwal received 1,53,375 equity shares (3.82%) as a gift, without consideration, from his mother Mrs. Lalitadevi Shantsarup Reniwal, also a promoter.
- Shares Received
- 1,53,375 equity shares (3.82%)
- Rajeev's Holding Before
- 3,37,526 shares (8.40%)
- Rajeev's Holding After
- 4,90,901 shares (12.22%)
- Transfer Dates
- 18th August, 2026 (375 shares) and 20th August, 2026 (1,53,000 shares)
- Exemption Status
- Exempt from open offer under Reg 10(1)(a)
What happened
Rajeev Shantsarup Reniwal, a promoter of the company, shared a disclosure under Regulation 10(6) of SEBI (SAST) Regulations, 2011 reporting shares received by way of gift from his mother, Mrs. Lalitadevi Shantsarup Reniwal, who is also a promoter and an immediate relative.
The transaction
- 18th August, 2026: 375 shares gifted (0.00% of total shareholding)
- 20th August, 2026: 1,53,000 shares gifted (3.82%)
- Total: 1,53,375 equity shares, 3.82% of diluted share capital
- Mode: off-market purchase by way of gift, without consideration (price stated as N.A.)
Shareholding change
- Acquirer before: 3,37,526 shares, 8.40%; after: 4,90,901 shares, 12.22%
- Transferor before: 1,53,375 shares, 3.82%; after: 0 shares, 0%
Why no open offer
The update states this is an inter-se transfer of shares amongst immediate relatives and the promoter group, exempt under Regulation 10(1)(a)(i) and (ii) of SEBI SAST Regulations, 2011. The disclosure was shared with BSE on 24th September, 2026.
The form also records that the prior disclosure required under Regulation 10(5) was not made, and not made within the timeline specified.
What it means for investors
This is a reshuffle of ownership inside the same promoter family. The combined promoter group stake and the public shareholding are not affected by the gift itself, and no money changed hands.
Also from Inducto Steel
Prior intimation: proposed gift of 1,53,375 shares (3.82%) within promoter family
10 Oct 2026
More numbers
- Shares gifted (total)1,53,375
- Stake gifted3.82%
- Shares gifted on 18 Aug 2026375
- Shares gifted on 20 Aug 20261,53,000
- Acquirer holding before3,37,526
- Acquirer % before8.40%
- Acquirer holding after4,90,901
- Acquirer % after12.22%
- Transferor holding after0
- Transferor % after0%
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