Promoter group member acquires 7,48,128 shares (4.99%) as a gift via inter-se transfer

Dinanath Soni, part of the Promoter Group, has acquired 7,48,128 equity shares (4.99% of total share capital) of the company on 29 September 2026.

Wed 30 Sep 2026

Shares Acquired

7,48,128 equity shares

Percentage of Share Capital

4.99%

Transfer Date

29 September 2026

Transferor Holding Before

22,12,730 shares (14.77%)

Transferor Holding After

14,64,602 shares (9.77%)

What happened

Dinanath Soni, a person belonging to the Promoter Group of Izmo Limited, reported that he acquired 7,48,128 equity shares, constituting 4.99% of the total share capital, on 29 September 2026.

The seller/transferor is Mrs. Shashi Soni, a promoter. The transfer was an off-market inter-se transfer made as a gift without any financial consideration, with the price recorded as Nil.

Shareholding before and after

• Dinanath Soni: nil before, 7,48,128 shares (4.99%) after.
• Mrs. Shashi Soni: 22,12,730 shares (14.77%) before, 14,64,602 shares (9.77%) after.

Why no open offer

Normally, crossing certain acquisition thresholds can trigger an open offer to public shareholders. Here the acquirer claims exemption under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, as he is an immediate relative of a promoter under Regulation 2(1)(L), and the transfer is inter-se between promoter and promoter group.

Process followed

• Prior disclosure under Regulation 10(5) was shared on 11.09.2026.
• A subsequent intimation was made on 24.09.2026.
• The acquisition was completed after four working days from 11.09.2026, and this report is shared under Regulation 10(6).

What it means for investors

This is a movement of shares within the promoter family. The total promoter group holding is not changed by the gift itself; only the identity of the holder within the group changes. No cash was paid, so it does not signal any valuation view, and there is no change in the company's business or capital structure.

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