Promoter group gift: 2,39,647 shares transferred inter-se; combined holding stays at 67,07,834 shares (7.89%)

Inter-se transfer within the promoter group by way of gift.

Mon 5 Oct 2026

Shares Transferred

2,39,647 equity shares transferred inter-se on September 28, 2026

Acquirer Holding

Mr. V.S.S. Mani: 64,68,187 shares (7.61%) → 67,07,834 shares (7.89%)

Transferor Holding

Mrs. Eshwary Krishnan: 2,39,647 shares (0.28%) → 0 shares (0.00%)

Combined Holding

Combined holding unchanged at 67,07,834 shares (7.89%)

Price

Nil — no consideration involved

What the disclosure says

Mr. V.S.S. Mani, a promoter group member of Just Dial Limited, has reported acquiring 2,39,647 equity shares of the company on September 28, 2026. The shares came from Mrs. Eshwary Krishnan, another person forming part of the promoter group, through an inter-se transfer by way of gift.

The disclosure is made under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer is exempt from making an open offer under Regulation 10(1)(a)(ii), which is the exemption this acquisition relies on.

Why the price is Nil

• The transfer is a gift between persons forming part of the promoter group.
• The update states the price as Nil and says no consideration is involved.
• Because it is an inter-se transfer within the promoter group, the acquisition is covered by the exemption referred to in the update.

How the holdings changed

• Mr. V.S.S. Mani: 64,68,187 shares (7.61%) before, and 67,07,834 shares (7.89%) after.
• Mrs. Eshwary Krishnan: 2,39,647 shares (0.28%) before, and 0 shares (0.00%) after.
• Combined (A+B): 67,07,834 shares (7.89%) before and 67,07,834 shares (7.89%) after.
• The shares acquired equal 0.28% of the diluted share capital of the target company.
• The number of shares proposed in the earlier Regulation 10(5) disclosure was 2,39,647, and the number actually acquired was 2,39,647.

What this means

Taken together, the acquirer and the seller hold 67,07,834 equity shares, or 7.89%, both before and after this transaction. The update itself notes that the net aggregate holding of the acquirer and the seller after this inter-se transaction of 2,39,647 equity shares remains the same at 67,07,834 equity shares.

So what has changed is who within the promoter group holds those shares, not the size of the group's holding. The shares moved between two existing promoter group members and were not bought from or sold into the open market.

Points to note

• The transaction date is September 28, 2026; the report to the exchanges is signed and dated October 2, 2026.
• The earlier Regulation 10(5) disclosure for this acquisition was shared with the National Stock Exchange of India Limited, BSE Limited and the Metropolitan Stock Exchange of India Limited on August 21, 2026, and the update states it was made within the timeline specified.
• The acquirer is identified as Mr. V.S.S. Mani and the transferor as Mrs. Eshwary Krishnan.

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