Promoter acquires 34,89,760 shares (31.73%) from co-promoter in off-market gift transfer

Promoter Mr. Bhaskar Manharlal Parekh acquired 34,89,760 equity shares (31.73% of the company) from Mr. Dilip Manharlal Parekh, also a promoter, in an off-market inter-se transaction.

Wed 7 Oct 2026

Shares Acquired

34,89,760 equity shares (31.73% of the company)

Holding After

61,74,970 shares (56.14%)

Holding Before

26,85,210 shares (24.41%)

Promoter-to-promoter share transfer

The company has informed the exchange that it received a disclosure from Mr. Bhaskar Manharlal Parekh, a promoter of Prima Innovation Ltd, about an acquisition of equity shares.

What the disclosure says

• 34,89,760 equity shares were acquired, equal to 31.73% of the company's shareholding.
• The shares were acquired from Mr. Dilip Manharlal Parekh, also a promoter, in an off-market transaction between the two.
• The Form C disclosure records the transaction type as Gift and notes that the value of the transaction is nil, since it is an off-market inter-se transfer through gift.

Before and after

• Holding before the acquisition: 26,85,210 equity shares, or 24.41% of the company.
• Holding after the acquisition: 61,74,970 equity shares, or 56.14% of the company.
• The 31.73 percentage point change matches the 31.73% block acquired.

What this means in simple terms

• The shares have moved from one promoter to another promoter of the same company. The holder named on the shares changes within the promoter group.
• Because the transaction is recorded as a gift, no purchase price was paid for the shares.
• No cash goes to the company from this transaction, as the shares change hands between the two individuals.

Disclosure route

• The company received the disclosure dated 6th October 2026 and forwarded it to the exchange with its letter dated 7th October 2026.
• The acquisition is reported under Regulation 4(1) and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, along with Form C.

What a retail investor can take away

• This is a promoter shareholding change update. It tells you how many shares a named promoter now holds and how the holding moved.
• The information is quantitative and specific: 34,89,760 shares, 31.73% of the company, and holdings of 26,85,210 shares (24.41%) before and 61,74,970 shares (56.14%) after.

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