Promoter Shreyasi Goenka to receive 18,18,449 shares (2.00%) by way of gift from an immediate relative
Promoter group transfer in the company: Ms. Shreyasi Goenka is to receive 18,18,449 shares, equal to 2.00% of the share capital, from Mr. Pavan Kumar Jain.
By ScoutQuest · · 2 min read
- Shares Transferred
- 18,18,449 shares, equal to 2.00% of the share capital
- Consideration
- Price is Nil and no consideration is involved
- Promoter Group Total Holding
- 6,79,47,285 shares (74.73%) before and after
Gift transfer inside the promoter group
- Acquirer: Ms. Shreyasi Goenka, who is part of the promoter group of the company.
- Transferor: Mr. Pavan Kumar Jain.
- Shares involved: 18,18,449 shares, equal to 2.00% of the total share capital of the company.
- Price: Nil. The update states it is an inter se transfer of shares amongst promoters (immediate relatives) as a gift, and that no consideration is involved.
- Reason given: gift between immediate relative.
- Proposed date of acquisition: 13/11/2026.
Why an open offer is not being made
The disclosure is made under Regulation 10(5) for an acquisition claimed exempt under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. That sub-clause covers a transfer amongst immediate relatives, which is the route cited here. The acquirer has also declared that the conditions for the exemption have been complied with and that the applicable disclosure requirements in Chapter V of the Takeover Regulations have been or will be complied with.
Where the shares sit before and after
- Mr. Pavan Kumar Jain: from 1,49,03,090 shares (16.39%) to 1,30,84,641 shares (14.39%).
- Ms. Shreyasi Goenka: from 0 shares (0.00%) to 18,18,449 shares (2.00%).
- Promoter group total: 6,79,47,285 shares (74.73%) both before and after the transfer.
What this tells a retail investor
- This is a transfer of existing shares between two people in the same promoter group, not a purchase from the open market. No money is changing hands.
- The total promoter group stake does not change. Only the name in which 2.00% of the shares is held changes, moving from Mr. Jain to Ms. Goenka.
- Because the price is Nil, the update marks the volume weighted average market price question, the pricing clause for infrequently traded shares, and the 25% price declaration as not applicable, with the same reason given each time: the shares are proposed to be transferred by way of gift with no consideration involved.
The acquirer, Ms. Shreyasi Goenka, has signed the disclosure as Acquirer, dated 05/11/2026, at Mumbai.
Also from INOX India
INOX India management to meet investors at JM Financial India Xchange 2026 conference on 17 November 2026
7 Nov 2026
Call transcript: order backlog crossed INR2,200 crores, space sector orders about INR1,100 crores
7 Nov 2026
INOX India files audio recording of Q2FY27 result conference call held 4 November 2026
4 Nov 2026
More numbers
- Shares to be acquired by Ms. Shreyasi Goenka18,18,449
- Shares to be acquired as % of total share capital2.00%
- Transferor Mr. Pavan Kumar Jain holding before transfer1,49,03,090
- Transferor holding before transfer, % of total share capital16.39%
- Transferor Mr. Pavan Kumar Jain holding after transfer1,30,84,641
- Transferor holding after transfer, % of total share capital14.39%
- Total promoter group holding before/after acquisition6,79,47,285
- Total promoter group holding, % of total share capital74.73%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.