Rajputana Stainless Limited has announced an inter-se transfer of shares within its promoter group. Daksha Jatin Sidhpura, representing the promoter group, will acquire 30,000 shares (0.04%) from Jayesh Natvarlal Pithva through a gift deed. This transaction, expected on or after November 5, 2026, does not involve any consideration and is considered a private family arrangement. The overall shareholding of the promoter group will remain unchanged by this gift transfer.
Inter-Se Share Transfer within Promoter Group
Rajputana Stainless Limited has filed a prior intimation regarding a proposed acquisition of shares within its promoter and promoter group. The transaction involves an inter-se transfer of 30,000 shares, representing 0.04% of the company’s total share capital.
Details of the Proposed Acquisition
Under this arrangement, Jayesh Natvarlal Pithva will transfer the shares by way of a gift deed to Daksha Jatin Sidhpura. The acquisition is slated to occur on or after November 5, 2026. Crucially, this transfer is being executed as a gift, meaning there is no consideration involved. This is categorized as a private family arrangement aimed at consolidating shareholding within the promoter group.
Regulatory Exemption and Impact
The transaction is being made pursuant to the exemptions provided under Regulation 10(1)(a)(i) & (ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. As this is an inter-se transfer among qualifying persons within the promoter group, it does not necessitate an open offer. Consequently, the overall shareholding of the Promoters Group in Rajputana Stainless Limited will not undergo any change following this proposed transfer.
Source: BSE
