Abhinav Capital Services Limited has disclosed an inter-se transfer of 9,55,631 equity shares, representing approximately 13.80% of the company’s voting share capital. The transfers occurred between promoters, with Kailash Hardattrai Biyani gifting shares to his brothers, Bharat Hardattrai Biyani and Vinod Hardattrai Biyani. These transactions are exempt from open offer requirements under SEBI regulations.
Promoter Share Transfers at Abhinav Capital Services
Abhinav Capital Services Limited has formally notified the stock exchange of a significant inter-se transfer of shares among its promoters. This transaction involved a total of 9,55,631 equity shares, accounting for approximately 13.80% of the company’s total diluted share capital. The disclosure was made in accordance with Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which allows for exemptions on open offer requirements for such promoter-related transfers.
Details of the Share Transfers
The transfer details are as follows:
- Bharat Hardattrai Biyani acquired 6,49,110 equity shares from Kailash Hardattrai Biyani. This acquisition represents 9.37% of the voting share capital and was made by way of gift.
- Vinod Hardattrai Biyani received 3,06,521 equity shares from Kailash Hardattrai Biyani, also by way of gift. This constitutes approximately 4.43% of the voting share capital.
Both Bharat Hardattrai Biyani and Vinod Hardattrai Biyani are immediate relatives of the transferor, Kailash Hardattrai Biyani, as per the SAST Regulations. The transfers, dated August 14, 2026, have been duly recorded by the company to reflect the updated shareholding structure among the promoter group.
Shareholding Post-Transaction
Following these transfers, the shareholding details among the named parties are:
- Bharat Hardattrai Biyani now holds 6,49,110 shares, representing 9.37% of the total share capital.
- Vinod Hardattrai Biyani holds 3,56,518 shares, amounting to 5.15% of the total share capital.
- Kailash Hardattrai Biyani retains 4,44,868 shares, which accounts for 6.42% of the total share capital after the transfer.
The company has requested that this updated information be reflected in the records of the stock exchange.
Source: BSE
