Shripal Shah Acquires 26.09% Stake in Aryaman Capital Markets Ltd Through Transmission of Shares

The Exchange has received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Shripal Shah. Shah has inherited 6,00,000 equity shares, constituting 26.09% of the paid-up equity shares of Mahshri Enterprises Private Limited (Ultimate Promoter Holding Company/MEPL). MEPL holds 62.45% stake in Aryaman Financial Services Limited (Promoter Holding Company / AFSL) and AFSL holds 74.28% in Aryaman Capital Markets Limited (Target Company / ACML). The acquisition was made through transmission by late Mrs Roopa S. Shah, who was part of the Promoter Group of Promoter Holding Company. There is no change in control of the Promoter Holding Company, as well as in the Target Company.