Regulation 10(7) report: 1,05,53,614 promoter group shares (12.19%) transferred by way of gift

Inter-se transfer within the promoter group: 1,05,53,614 equity shares (12.19%) moved from Rishi Chandrakant Sanghvi to Maithili Rishi Sanghvi by way of gift, off-market, without consideration.

Tue 6 Oct 2026

Shares Transferred

1,05,53,614 equity shares (12.19%)

Transfer Mode

by way of gift, off-market, without consideration

Promoter Group Holding

remains the same before and after the inter-se transfer

Inter-se gift of promoter shares

Sanghvi Movers Limited has submitted a report under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The report relates to an off-market inter-se transfer of equity shares among members of the Promoter and Promoter Group, by way of gift, without any consideration.

Who transferred what

• Transferor/Donor: Rishi Chandrakant Sanghvi, who belongs to the Promoter group
• Transferee/Donee (Acquirer): Maithili Rishi Sanghvi, who belongs to the Promoter group
• Shares transferred by way of gift: 1,05,53,614
• Percentage of holding of the proposed share: 12.19%
• Acquisition price per share: Nil, since the proposed off-market inter-se transfer of shares is by way of gift
• Date of acquisition: September 10, 2026

How the holdings move

• Acquirer before the acquisition: 8,65,760 shares, which is 1.00% of the total share capital
• Acquirer after the acquisition: 1,14,19,374 shares, which is 13.19% of the total share capital
• Seller before the acquisition: 2,49,50,494 shares
• Seller after the acquisition: 1,43,96,880 shares

What the company says about the exemption

• The transaction, being an inter-se transfer among the Promoter and Promoter Group, falls within the exemption provided under Regulation 10(1)(a)(i) of the SEBI SAST Regulations.
• The aggregate holding of the Promoter and Promoter Group before and after the inter-se transfer remains the same.
• The acquirer is an immediate relative of the transferor/donor, the relationship being spouse, as defined in Regulation 2(1)(l).
• The update declares that all the conditions specified under Regulation 10(1)(a)(i) with respect to exemptions have been duly complied with.

Steps already taken, as stated in the update

• The acquirer's intimation under Regulation 10(5) was shared with the stock exchanges on September 01, 2026.
• The intimation under Regulation 10(6) was shared on September 15, 2026.
• The disclosure under Regulation 10(7) was submitted on October 01, 2026 through the SEBI intermediary portal (SI Portal).

How a retail investor can read this

• These shares are moving from one member of the promoter family to another and are not being sold in the open market.
• The transfer is by way of gift, so no consideration is involved, and the acquisition price per share is stated as Nil.
• Because the shares stay within the Promoter and Promoter Group, the group's aggregate holding remains the same; what changes is the name of the holder.
• Such reports are the standard post-intimation disclosure shared when promoter group shares move between family members.

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