StockWatch
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Ship Building & Allied Services
Shareholding10 Oct 2026, 03:29 pm

Hariyana Ship Breakers: Promoter group gift of 6.73% shares

AI Summary

Mrs. Lalitadevi Shantisarup Reniwal, a member of the promoter group of Hariyana Ship Breakers Ltd, will acquire 4,14,800 equity shares, representing 6.73% of the company's total share capital, through a gift from her son, Mr. Rajeev Shantisarup Reniwal, also a promoter. This inter-se transfer between immediate relatives is without consideration and is proposed to be exempt from open offer obligations under SEBI (SAST) Regulations, 2011, specifically Regulation 10(1)(a)(i) and/or (ii), subject to applicable conditions. The proposed acquisition date is October 16, 2026.

Key Highlights

  • Promoter group member to receive 6.73% stake via gift.
  • Transaction is an inter-se transfer between immediate relatives.
  • No consideration involved in the share transfer.
  • Acquisition exempt from open offer under SEBI SAST Regulations.
  • Proposed acquisition date set for October 16, 2026.