Promoter-to-promoter gift transfer of ~1.19 lakh shares (3.78%); total promoter holding unchanged
Promoter-to-promoter gift of shares in Parshwanath Corporation.
By ScoutQuest · · 2 min read
- Shares transferred
- ~1.19 lakh equity shares (3.78% of share capital)
- Consideration
- Nil consideration — the transfer is by way of gift, off-market
- Acquirer stake change
- Acquirer's stake rises from 36.85% to 40.63%
The company has placed on record a promoter-to-promoter transfer of shares by way of gift, along with the prior intimation and the post-transfer report shared with the stock exchange and SEBI.
What changed hands
- ~1.19 lakh equity shares, equal to 3.78% of the total share capital of the company, move from Mrs. Indiraben N. Patel (seller) to Mr. Raj Rushabh Patel (acquirer).
- The acquirer is the grandson of the transferor and both belong to the promoter group.
- The transfer is an off-market inter-se transfer among promoters, done by way of gift.
- Price is Nil because no consideration is involved in a gift.
Shareholding before and after
- Mr. Raj Rushabh Patel: 11,54,135 shares (36.85%) before, rising to 12,72,661 shares (40.63%) after.
- Mrs. Indiraben N. Patel: ~1.19 lakh shares (3.78%) before the transfer.
- The aggregate holding of the promoter and promoter group remains the same before and after the transaction, so only the split inside the promoter group changes.
Why no open offer is triggered
The update states the transaction falls within the exemption for inter-se transfers of shares amongst promoters under Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer has declared that the conditions for that exemption are complied with and that the applicable disclosure requirements will be met.
How it was reported
- Prior intimation under Regulation 10(5) was submitted for the proposed acquisition by way of gift.
- A report under Regulation 10(7) was shared with SEBI together with the requisite fee of Rs. 1,77,005.90, paid by NEFT.
- The update confirms the report was submitted within the prescribed timeline and accompanied by the fee.
What this means for a retail investor
This is an ownership reallocation inside the promoter family rather than a sale to outside investors. No money changes hands, no new shares are issued, and the total promoter stake in the company does not move. Control of the company as a group is unchanged; only the number of shares held in each promoter's name is different. The announcement is a disclosure of that change, and it does not by itself change the company's business or finances.
Also from Parshwanath Corporation
Promoter Receives 1,18,526 Shares (3.78%) as Gift in Inter-se Promoter Transfer
25 Sep 2026
More numbers
- Shares transferred by way of gift1,18,526
- Transferred shares as % of total share capital3.78%
- Acquirer holding before transfer (shares)11,54,135
- Acquirer holding before transfer (%)36.85%
- Acquirer holding after transfer (shares)12,72,661
- Acquirer holding after transfer (%)40.63%
- Fee paid to SEBI under Regulation 10(7)Rs. 1,77,005.90
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