Promoter disposes 34,89,760 shares (31.73%) via off-market inter-se transfer by way of Gift

Promoter shareholding change at Prima Innovation Ltd.

Wed 7 Oct 2026

Shares Disposed

34,89,760 equity shares

Stake Disposed

31.73% of the company's shareholding

Post-Transaction Holding

0 equity shares

A promoter of Prima Innovation Ltd has moved his entire holding in the company to another promoter of the same company, in one transaction.

What the update says

• Promoter Mr. Dilip Manharlal Parekh disposed of 34,89,760 equity shares, which works out to 31.73% of the company's shareholding.
• The shares went to Mr. Bhaskar Manharlal Parekh, also described as a Promoter of the company.
• The route was an off-market, inter-se (promoter-to-promoter) transaction. The Form C disclosure records the transaction type as Gift and the mode as off-market inter-se transfer.
• The update records the value of the transaction as nil, because the transfer is an off-market inter-se transfer through gift.

Before and after

• Before the transaction, Mr. Dilip Manharlal Parekh held 34,89,760 equity shares, or 31.73% of the company.
• After the transaction, his holding is 0 equity shares.

The company received these disclosures dated 6th October, 2026 and passed them on to the exchange under Regulation 4(1) and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The Form C also shows Nil trading in derivatives of the company by the disclosing promoter.

How to read this

• A change in a promoter's personal holding is information investors track, because promoters are the insiders closest to the business.
• Here the shares were not sold in the open market for cash. They moved from one promoter to another promoter of the same company, and the disclosure records the transaction as a gift with nil value.
• The disclosure is about the holding of the individual named — Mr. Dilip Manharlal Parekh — whose stake in the company now reads 0. It does not, by itself, tell you what any other promoter or the promoter group as a whole holds.
• Because no cash changed hands, the update on its own is not a signal of a sale at a particular price.

What investors may watch for next

• Further disclosures of shareholding by the promoter group, which would show who holds what after this transfer.
• Whether the recipient promoter's holding is separately disclosed on the exchange in the usual course.

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