Inter-se transfer of 14,87,896 equity shares (4.37%) by way of gift within promoter group
Promoter group member Mrs. Sarla Sanghi gifted her entire 14,87,896 shares (4.37%) to son Mr. Sanjay Kumar Sanghi, CMD.
By ScoutQuest · · 1 min read
- Shares gifted
- 14,87,896 equity shares (4.37%)
- Transferor (Before → After)
- Mrs. Sarla Sanghi: 14,87,896 (4.37%) → Nil (0.00%)
- Transferee (Before → After)
- Mr. Sanjay Kumar Sanghi: 56,65,422 (16.64%) → 71,53,318 (21.01%)
- Transfer type
- Off-market gift, no consideration
- Total paid-up equity capital
- 3,40,52,925 equity shares
What happened
An inter-se transfer of equity shares by way of gift took place amongst existing members of the Promoter/Promoter Group, through an off-market transfer and without any consideration, settled on 25th September, 2026.
Who is involved
- Transferor: Mrs. Sarla Sanghi (Promoter Group)
- Transferee: Mr. Sanjay Kumar Sanghi, Chairman & Managing Director - Corporate Affairs, son of the Transferor
Shareholding change
- Shares gifted: 14,87,896 equity shares, being 4.37% of paid-up equity capital and the transferor's entire holding
- Mrs. Sarla Sanghi: from 14,87,896 (4.37%) to Nil (0.00%)
- Mr. Sanjay Kumar Sanghi: from 56,65,422 (16.64%) to 71,53,318 (21.01%)
- Total paid-up equity share capital: 3,40,52,925 equity shares
What the company states
- The transfer is solely amongst existing promoter/promoter group members and does not result in any change in control or management.
- The aggregate shareholding of Promoter and Promoter Group taken together remains unchanged pre- and post-transfer.
- Open offer obligations under Regulation 3 of the SEBI Takeover Regulations are not attracted, as the transferee's individual holding stays below the 25% threshold.
- Both parties have made the required disclosures under the Takeover and Insider Trading Regulations, with pre-clearance from the Compliance Officer.
How to read it
This is a family-level reorganisation of shares within the promoter group. No money changed hands and no shares moved outside the promoter group, so the company's total promoter stake and its management remain the same.
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More numbers
- Shares gifted14,87,896 equity shares
- Gifted stake as % of capital4.37%
- Transferee holding before56,65,422
- Transferee % before16.64%
- Transferee holding after71,53,318
- Transferee % after21.01%
- Transferor holding after0.00%
- Total paid-up equity share capital3,40,52,925 equity shares
- Open offer threshold25%
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