Promoters' son receives 43,93,960 shares (62.89%) as gift; Reg 10(7) report shared

Rajesh Damani, son of promoters Premratan Damani and Bimladevi Damani, received 43,93,960 equity shares of Jamshri Realty by way of gift.

Wed 7 Oct 2026

Shares received by way of gift

43,93,960 equity shares (62.89% of total share capital)

Transfer from Premratan Damani

12,94,600 shares (18.53%)

Transfer from Bimladevi Damani

30,99,360 shares (44.36%)

What the update says

Jamshri Realty Limited has shared a report under Regulation 10(7) of the SEBI SAST Regulations for acquisition of shares by way of gift, in continuation of earlier intimations dated 31 August, 2026 and 21 September, 2026 under Regulations 10(5) and 10(6).

Who received what

• Rajesh Damani, the acquirer, is the son of Premratan Damani and Bimladevi Damani, the promoters of the company, and falls under the definition of an immediate relative.
• He received 12,94,600 equity shares (18.53% of total share capital) from Premratan Damani and 30,99,360 equity shares (44.36%) from Bimladevi Damani.
• Total: 43,93,960 equity shares, or 62.89% of the total share capital of the company.

Terms of the transfer

• It was an off-market, inter-se transfer from promoters to their immediate relative.
• No consideration was involved; the transfer was by way of gift pursuant to execution of a Gift Deed, described in the update as a private transfer arrangement between family members by virtue of gift out of love and affection from parents who are the promoters.
• The date of acquisition is stated as 18/09/2026.

Shareholding before and after

• Before: Rajesh Damani NIL; Premratan Damani 12,94,600 shares (18.53%); Bimladevi Damani 30,99,360 shares (44.36%).
• After: Rajesh Damani 43,93,960 shares (62.89%); Premratan Damani NIL; Bimladevi Damani NIL.

Why no open offer

The update states the transaction falls within the exemption provided under Regulation 10(1)(a)(i) of the SEBI SAST Regulations, and records that no regulation which would have triggered an open offer applies. As the shares of the company are infrequently traded and the transfer is a gift with no consideration, the update marks the market-price and price-comparison points as not applicable.

Compliance steps recorded

• Prior intimation of the proposed acquisition was given to the stock exchanges on 31/08/2026, at least four working days before the proposed acquisition.
• Report under Regulation 10(6) was shared with the stock exchanges on 21/09/2026.
• Report under Regulation 10(7) was shared with SEBI on 06/10/2026 through the SEBI Intermediary Portal.
• The applicable fee of Rs. 1,50,000/- plus 18% GST of Rs. 27,000/- was paid on 06/10/2026.
• Disclosure under Regulation 29(1) and 29(2) was submitted on 21/09/2026.
• The acquirer has declared that all conditions specified under Regulation 10(1)(a)(i) have been complied with.

Encumbrance declarations included

• Declarations dated 01/04/2024 and 03/04/2024 from Bimladevi P Damani and Premratan B Damani state that they, along with persons acting in concert, did not make any encumbrance on the shares of the company during the financial year 2023-2024.

What this means for retail investors

• The holding moves within the same promoter family, from two promoters to their son. The shareholding table shows 62.89% of total share capital moving from the two sellers, whose lines go to NIL, to the acquirer, whose line becomes 43,93,960 shares (62.89%).
• No cash changes hands, and as per the update no open offer is triggered because the transfer is exempt under Regulation 10(1)(a)(i).
• The shares of the company are described as infrequently traded, so no volume-weighted average market price is applicable to this gift transfer.

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.