Acquisition of equity shares by way of gift; acquirer's holding moves from 1.00% to 13.19%

Promoter group inter-se transfer in Sanghvi Movers: equity shares acquired by way of gift.

Tue 6 Oct 2026

Acquirer's holding after

1,14,19,374 shares (13.19%)

Seller's holding after

1,43,96,880 shares (16.63%)

Acquisition price per share

Nil — off-market transfer by gift, no consideration

The disclosure in one line

Sanghvi Movers Limited has shared a post-acquisition report under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for equity shares acquired by way of gift.

Who is involved

• Acquirer: Mrs. Maithili Rishi Sanghvi, Promoter Group.
• Seller: Mr. Rishi Chandrakant Sanghvi.
• The relationship between the acquirer and the seller is stated as spouse.
• The update confirms the acquirer is an immediate relative of the transferor/donor and a member of the Promoter Group.

What changed

• Date of acquisition: September 10, 2026.
• Acquisition price per share: Nil, since the proposed off-market inter-se transfer of shares is by way of gift and no consideration is involved.
• Acquirer's holding before the acquisition: 8,65,760 shares, being 1.00% of the total share capital of the Target Company; after the acquisition: 1,14,19,374 shares, being 13.19%.
• Seller's holding before the acquisition: 2,49,50,494 shares, being 28.32%; after the acquisition: 1,43,96,880 shares, being 16.63%.

Why an open offer was not triggered

• The transaction, being an inter-se transfer amongst the Promoter and Promoter Group of the Company, is stated to fall within the exemption provided under Regulation 10(1)(a)(i) of the SEBI SAST Regulations.
• The update notes that Regulation 3(2) would have been triggered had the report not been shared under Regulation 10(7).
• It declares that the transferors and transferees have complied with the applicable disclosure requirements of Chapter V of the SEBI SAST Regulations during the three years prior to the date of the proposed acquisition, and that all conditions of the exemption have been duly complied with.

Dates on record

• Date of issuance of notice regarding the proposed acquisition to the stock exchanges: September 01, 2026.
• Date of report: October 01, 2026.

What stays the same

• The update states that the aggregate holding of the Promoter and Promoter Group before and after this inter-se transaction remains the same.
• The shares have therefore moved between two promoter group individuals, with the update stating the group-level holding is unchanged.

How a retail investor can read this

• The disclosure is about a change in who holds the shares within the promoter group, done as a gift, so no purchase or sale at a market price is involved.
• The percentages shown are each holder's share of the total share capital of the Target Company.
• Because no consideration is involved, questions of valuation or price do not arise in the update's stated terms.

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