Inter-se transfer of shares among promoters completed under SAST Regulation 10(6)
Promoter Vinay Kailashchandra Seksaria acquired shares from other promoters on 24 Sept 2026 by gift and HUF dissolution settlement.
By ScoutQuest · · 1 min read
- Acquirer
- Vinay Kailashchandra Seksaria
- Pre-transaction holding
- 1,39,090 shares (9.66%)
- Post-transaction holding
- 3,55,350 shares (24.68%)
- Transaction date
- 24 September 2026
- Exemption
- Regulation 10(1)(a)(i) - inter-se promoter transfer exempt from open offer
What happened
The company informed BSE that an inter-se transfer of equity shares among promoters was completed on 24 September 2026, following the prior intimation made on 18 September 2026 under Regulation 10(5).
Acquirer
- Acquirer/promoter: Vinay Kailashchandra Seksaria
- Pre-transaction holding: 1,39,090 shares, 9.66%
- Post-transaction holding: 3,55,350 shares, 24.68%
Transfers by gift
- 1,38,200 shares from Aparna Vivek Seksaria (who moves from 9.60% to Nil)
- 78,060 shares from Kailashchandra Kesardeo Seksaria & Yashasvi Seksaria (from 5.42% to Nil)
- Total acquired shown as 15.02% of diluted share capital
- Price: Not Applicable / NIL, since the acquisition is by way of gift
Transfers on HUF dissolution
A second set of transfers was made by settlement deed due to dissolution of HUFs
- 2150 shares from Kailash Chandra Kesardeo (HUF)
- 500 shares from Kailashchandra & Sons (HUF)
- 500 shares from Kesardeo And Sons (HUF)
- Total shown as 0.22% of diluted share capital
Why no open offer
The acquirer has claimed the general exemption under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, which covers transfers among immediate relatives, so no open offer is triggered.
How to read it
This is a reshuffle of shareholding within the promoter family rather than a sale to an outside party. Total promoter group holding is redistributed; the transfers were without consideration (gift and family settlement).
Also from Ishwarshakti Holdings & Traders
Promoter Inter-Se Transfer: 2,19,410 Shares Acquired via HUF Dissolution, Holding Rises to 24.90%
25 Sep 2026
More numbers
- Acquirer pre-transaction shares1,39,090
- Acquirer pre-transaction stake9.66
- Acquirer post-transaction shares3,55,350
- Acquirer post-transaction stake24.68
- Shares from Aparna Vivek Seksaria1,38,200
- Aparna Vivek Seksaria pre-transaction stake9.60
- Shares from Kailashchandra Kesardeo Seksaria & Yashasvi Seksaria78,060
- Their pre-transaction stake5.42
- Total acquired (gift) as % of diluted capital15.02%
- Shares from Kailash Chandra Kesardeo (HUF)2150
- Shares from each of two other HUFs500
- Total acquired (HUF settlement) as % of diluted capital0.22%
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.