Shreyasi Goenka, a promoter and part of the promoter group of INOX India Limited, is set to acquire 18,18,449 shares from Mr. Pavan Kumar Jain. This transaction, scheduled for November 13, 2026, is classified as an ‘inter-se transfer of shares amongst promoters (immediate relatives)’ and is being conducted as a gift, involving no monetary consideration. The acquisition will result in a slight decrease in Shreyasi Goenka’s shareholding percentage.
INOX India Promoter Share Transfer
INOX India Limited has announced a significant share transfer within its promoter group. Ms. Shreyasi Goenka, who is part of the promoter group, will acquire 18,18,449 shares from Mr. Pavan Kumar Jain. This acquisition is slated to take place on November 13, 2026. Both parties are recognized as promoters of INOX India prior to this transaction.
Transaction Details and Rationale
The transfer is being executed as an ‘inter-se transfer of shares amongst promoters (immediate relatives)’ and is specifically structured as a gift. Consequently, there is no consideration involved in this transaction, aligning with the exemption provided under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for transfers among immediate relatives as a gift.
Shareholding Impact
Before this proposed acquisition, Shreyasi Goenka held 1,49,03,090 shares, representing 16.39% of the total share capital. Following the gift transfer of 18,18,449 shares from Mr. Pavan Kumar Jain, her shareholding will be 1,30,84,641 shares, accounting for 14.39% of the total share capital. The acquisition represents 2.00% of the total share capital of INOX India.
Declarations and Compliance
The acquirer, Ms. Shreyasi Goenka, has declared that the acquisition price is not higher than the applicable market price, and has affirmed compliance with all disclosure requirements under Chapter V of the Takeover Regulations, 2011. Furthermore, she declares that all conditions stipulated under Regulation 10(1)(a) concerning exemptions have been duly met.
Source: BSE
