Promoter Receives 1,18,526 Shares (3.78%) as Gift in Inter-se Promoter Transfer
Promoter Raj Rushabh Patel received 1,18,526 equity shares (3.78% of total equity) as a gift from fellow promoter Mrs. Indiraben N. Patel on 19-09-2026.
By ScoutQuest · · 1 min read
- Shares Transferred
- 1,18,526 equity shares
- Stake Transferred
- 3.78% of total share capital
- Acquirer Holding Before
- 11,54,135 shares (36.85%)
- Acquirer Holding After
- 12,72,661 shares (40.63%)
- Transaction Consideration
- Nil (off-market gift)
What happened
A shareholding reshuffle within the promoter family of Parshwanath Corporation Limited. Mrs. Indiraben N. Patel gifted her entire stake to Mr. Raj Rushabh Patel, both part of the promoter group.
The numbers
- Shares transferred: 1,18,526 equity shares
- Stake transferred: 3.78% of total share capital
- Acquirer before: 11,54,135 shares (36.85%)
- Acquirer after: 12,72,661 shares (40.63%)
- Donor before: 1,18,526 shares (3.78%); after: nil
- Price: Nil, since it is an off-market inter-se transfer by way of gift, so no consideration is involved
Timeline
The transaction date stated is 19-09-2026. A prior intimation under Regulation 10(5) was shared with the exchange on 21/09/2026, and this report under Regulation 10(6) is dated 24/09/2026.
Why no open offer
When shares move between people already inside the promoter group, SEBI's takeover rules allow an exemption from making an open offer to public shareholders. The acquirer has claimed this exemption under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011.
What it means for investors
The aggregate holding of the promoter and promoter group before and after the transaction remains the same. Public shareholders' proportionate holding is not affected by this transfer. The change is in who among the promoters holds the shares, with the individual promoter's stake now crossing 40%.
Also from Parshwanath Corporation
Promoter-to-promoter gift transfer of ~1.19 lakh shares (3.78%); total promoter holding unchanged
21 Oct 2026
More numbers
- Shares transferred by gift1,18,526
- Stake transferred3.78%
- Acquirer shares pre-transaction11,54,135
- Acquirer % pre-transaction36.85
- Acquirer shares post-transaction12,72,661
- Acquirer % post-transaction40.63
- Price / considerationNil
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