Praj Industries has announced an inter-se transfer of shares within its promoter group. 7,200,000 shares, representing 3.917% of the company’s share capital, will be transferred from Moriyaset Trust to Dr. Pramod Chaudhari. This transaction, disclosed on December 2, 2025, is exempt from requiring an open offer under SEBI regulations and does not alter the aggregate promoter group holding.
Details of Share Transfer
Praj Industries announced on December 2, 2025, an internal transfer of shares amongst its promoter group entities. According to the disclosure, 7,200,000 shares are being transferred. This represents 3.917% of the total share capital of the company. The transfer is classified as an inter-se transaction.
Transfer Breakdown
The shares will be transferred from Moriyaset Trust to Dr. Pramod Chaudhari. This move is due to the dissolution of Moriyaset Trust, which is part of the Promoter Group. The acquirer, Dr. Pramod Chaudhari, already holds 24.971% of the company.
Impact on Promoter Holding
This transfer does not change the overall holding of the promoter group in Praj Industries. The promoter group’s aggregate ownership remains consistent before and after this transaction. This transfer falls under exemptions as defined by SEBI regulations for substantial acquisition of shares. No open offer is triggered as a result of this transfer.
Source: BSE