Promoter gifts 2,62,500 shares to spouse and son; SAST Reg 10(7) exemption report shared

Intra-family transfer within the promoter group.

Tue 29 Sep 2026

Bharti Jitendra Thakker shareholding

1,12,500 shares (7.10%)

Gaurav Jitendra Thakker shareholding

1,50,000 shares (9.47%)

Jitendra Manohardas Thakker shareholding change

from 3,75,000 shares (23.69%) to 1,12,500 shares (7.10%)

Transfer date

September 22, 2026

SEBI update fees

INR 1,77,000/-

What happened

This is a disclosure by the acquirers under Regulation 10(7) of the SEBI (SAST) Regulations, 2011. Two members of the promoter group of Thakkers Group Ltd (formerly Asian Food Products Limited) acquired equity shares by way of gift from another promoter, Jitendra Manohardas Thakker.

The transfer

• Jitendra Manohardas Thakker to spouse Bharti Jitendra Thakker: 1,12,500 shares
• Jitendra Manohardas Thakker to son Gaurav Jitendra Thakker: 1,50,000 shares
• Date of acquisition: September 22, 2026
• Acquisition price per share: Not Applicable, as the transfer is a gift and the acquisition price is zero

Shareholding change

• Bharti Jitendra Thakker: from 0 shares (0%) to 1,12,500 shares (7.10%)
• Gaurav Jitendra Thakker: from 0 shares (0%) to 1,50,000 shares (9.47%)
• Seller Jitendra Manohardas Thakker: from 3,75,000 shares (23.69%) to 1,12,500 shares (7.10%)

Other persons acting in concert, such as Karishma Gaurav Thakker (75,000 shares, 4.74%), Harihar Horticulture Private Limited (75,000 shares, 4.74%) and Thakkers Developers Limited (75,000 shares, 4.74%), show no change in their holdings.

Why no open offer

Without the exemption, the acquisition would have triggered Regulation 3(1). The acquirers and the seller are immediate relatives as defined in Regulation 2(1), so the transfer is eligible for exemption under Regulation 10(1)(a)(i). Intimations were shared with the stock exchanges on September 10, 2026 under Regulation 10(5) and on September 23, 2026 under Regulation 10(6), and this report is dated September 28, 2026.

Fees

Fees of INR 1,77,000/- (INR 1,50,000/- plus 18% GST) were paid on September 28, 2026 for update the report.

How to read this

The shares moved within one family that is part of the promoter group. There is no cash consideration, no new outside investor, and no change in the overall promoter group ownership of the company. Such updates are generally read as a succession or estate-planning step rather than a change in control.

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