Promoter Group Member Acquires 14,96,257 Shares (9.99%) as Gift via Inter-se Transfer

Tej Soni, part of the Promoter Group, acquired 14,96,257 equity shares — 9.99% of Izmo's paid-up capital — on 28 September 2026.

Wed 30 Sep 2026

Tej Soni shares acquired

14,96,257 equity shares (9.99% of paid-up capital)

Kiran Soni stake change

From 16.08% to 6.31%

Shashi Soni stake change

From 14.99% to 14.77%

Transfer type

Gift (Nil price, no financial consideration)

Transfer date

28 September 2026

What happened

Tej Soni, a person belonging to the Promoter Group of Izmo Limited, acquired 14,96,257 equity shares on 28 September 2026 through off-market inter-se transfers from two promoters. This equals 9.99% of the company's total paid-up share capital.

The shares were transferred as a gift, with Nil price and no financial consideration involved.

Who gave what

• From Mrs. Kiran Soni: 14,63,266 equity shares
• From Mrs. Shashi Soni: 32,991 equity shares

Shareholding before and after

• Mr. Tej Soni: Nil before, 14,96,257 shares (9.99%) after
• Mrs. Kiran Soni: 24,08,862 shares (16.08%) before, 9,45,596 shares (6.31%) after
• Mrs. Shashi Soni: 22,45,721 shares (14.99%) before, 22,12,730 shares (14.77%) after

Why no open offer

The acquirer has claimed exemption under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011, which covers inter-se transfers among immediate relatives. A prior disclosure under Regulation 10(5) was shared with the exchanges on 11.09.2026, and this update is the follow-up report under Regulation 10(6).

How to read it

This is a movement of shares within the same promoter family rather than a sale to an outside investor, and no cash changed hands. The aggregate promoter group holding is not altered by the transfer itself; only the names holding the shares change. Such transfers are commonly linked to family or succession arrangements.

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