In a significant shareholding update, Premratan Damani and Bimladevi Damani, promoters of Jamshri Realty Limited, have proposed to gift a total of 43,93,960 equity shares to Rajesh Damani, an immediate relative. This off-market transfer, occurring on or after August 31, 2026, is structured as a gift without any consideration. The transaction is being conducted under Regulation 10(1)(a)(i) of the SEBI SAST Regulations, exempting it from an open offer requirement.
Promoter Share Transfer by Gift
Jamshri Realty Limited has announced a proposed acquisition of shares by way of a gift. Promoters Premratan Damani and Bimladevi Damani intend to transfer a total of 43,93,960 equity shares of the company to Rajesh Damani, who is identified as an immediate relative. This transaction is classified as an off-market transfer and will occur without any consideration, as it is being effected through a Gift Deed.
Regulatory Compliance and Exemption
The disclosure, made on August 31, 2026, aligns with Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The proposed acquisition falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI SAST Regulations, which pertains to acquisitions from immediate relatives where no consideration is involved. This means an open offer to the public shareholders will not be triggered by this share transfer.
Shareholding Details Post-Transfer
Following the proposed transfer, Rajesh Damani, who was not a promoter prior to this transaction but belongs to the Promoter Group, will hold a substantial portion of the company’s shares. The exact percentage of share capital post-transaction is detailed in the enclosed annexures, with the sellers relinquishing their holdings in favor of the acquirer. The transaction signifies a consolidation of shares within the promoter family.
Encumbrance Declarations
In separate declarations dated April 4, 2024, April 3, 2025, and April 4, 2026, both Mrs. Bimladevi P Damani and Mr. Premratan B. Damani, in their capacity as promoters, confirmed that they, along with persons acting in concert, have not made any encumbrances on the shares of Jamshri Realty Limited during the financial years 2023-2024, 2024-2025, and 2025-2026, respectively.
Source: BSE
