StockWatch
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Speciality Retail
Shareholding5 May 2026, 11:24 am

Brand Concepts: Promoter to Transfer 13.01% Stake to Group Member

AI Summary

Brand Concepts Ltd has received disclosure regarding the proposed acquisition of 1,624,220 equity shares, constituting 13.01% of the company's total shareholding capital, through an off-market inter se transfer. Mr. Pradeep Maheshwari, a promoter of Brand Concepts Limited, will transfer the shares to Mr. Prateek Maheshwari, a member of the Promoter Group. The transaction, expected on or before May 8, 2026, is an inter-se transfer by way of gift and is exempt under Regulation 10(1)(a)(i) of the SEBI SAST Regulations.

Key Highlights

  • Promoter Mr. Pradeep Maheshwari to transfer 13.01% stake to Mr. Prateek Maheshwari.
  • Transfer involves 1,624,220 equity shares of Brand Concepts Limited.
  • Transaction is an off-market inter se transfer by way of gift.
  • Transfer is exempt under SEBI SAST Regulations.
  • Proposed transaction to be completed on or before May 8, 2026.