Promoter gifts 43,93,960 shares (62.89%) to son in off-market transfer
Jamshri Realty promoters transferred 43,93,960 equity shares (62.89% of total share capital) to Rajesh Damani, an immediate relative.
- Shares Transferred by Gift
- 43,93,960 equity shares (62.89% of total share capital)
- Premratan Damani Transfer
- 1294600 shares (18.53%)
- Bimladevi Damani Transfer
- 3099360 shares (44.36%)
What was disclosed
Jamshri Realty Limited has informed BSE that it received an intimation from Mr. Rajesh Damani, an immediate relative of the promoters, regarding acquisition of equity shares of the company by way of gift through an off-market transfer from promoter to immediate relative, without consideration.
Who transferred what
- Premratan Damani transferred 1294600 shares to Rajesh Damani, equal to 18.53% of the total share capital
- Bimladevi Damani transferred 3099360 shares to Rajesh Damani, equal to 44.36% of the total share capital
- Total: 43,93,960 shares, equal to 62.89% of the total share capital
- The acquirer is the son of the two sellers
Holding before and after
- Rajesh Damani: NIL before the acquisition, 4393960 shares (62.89%) after the acquisition
- Premratan Damani: 1294600 shares (18.53%) before, NIL after
- Bimladevi Damani: 3099360 shares (44.36%) before, NIL after
Price and exemption
- Acquisition price per share is Nil, since the transfer is by way of gift to an immediate relative pursuant to an executed Gift Deed, and therefore no consideration is involved
- The company states the transaction falls within the exemption provided under Regulation 10(1)(a)(i) of the SEBI SAST Regulations
- The rationale given is that the transfer is a private arrangement between family members, by virtue of gift out of love and affection from parents who are the promoters
Process and updates
- Date of acquisition: 18/09/2026
- Report under Regulation 10(7) shared with SEBI on 06/10/2026 through the SEBI Intermediary Portal
- Applicable fee of Rs. 1,50,000/- plus 18% GST of Rs. 27,000/- paid on 06/10/2026
- Earlier intimations under Regulation 10(5) dated 31/08/2026 and Regulation 10(6) dated 21/09/2026; disclosures under regulations 29(1) and 29(2) of the SEBI SAST Regulations were submitted on 21/09/2026
- Shares of the target company are stated to be infrequently traded, and no consideration is involved in this off-market gift transfer
How to read this
The change moves a large block of shares from two promoters to their son, keeping the shares within the promoter family. Since the shares change hands as a gift with no cash consideration, no money comes into or goes out of the company. Only the name holding the shares changes, while the promoter family's collective interest continues.
Also from Jamshri Realty
Promoters' son receives 43,93,960 shares (62.89%) as gift; Reg 10(7) report shared
7 Oct 2026
More numbers
- Total shares acquired by Rajesh Damani43,93,960
- Total shares acquired as % of total share capital62.89%
- Shares transferred by Premratan Damani1294600
- Premratan Damani's shares as % of total share capital18.53%
- Shares transferred by Bimladevi Damani3099360
- Bimladevi Damani's shares as % of total share capital44.36%
- Applicable fee paid under Regulation 10(7)Rs. 1,50,000/-
- GST paid on the applicable feeRs. 27,000/-
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