StockWatch
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Industrial Products
Shareholding30 Sept 2026, 11:12 am

Hawa Engineers: Promoter group transfer of 1.98% shares

AI Summary

Hawa Engineers Ltd has filed a disclosure regarding an inter-se transfer of shares within the promoter group. Mr. ASLAM FAZLURREHMAN KAGDI will acquire 69,900 shares, representing 1.98% of the total share capital, from JAMILABIBI FAZLURREHMAN KAGDI. This transfer is without consideration, by way of gift, and is exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The proposed acquisition date is on or after October 7, 2026. Both transferor and transferee have declared compliance with relevant disclosure requirements.

Key Highlights

  • Promoter group member to acquire 1.98% stake in Hawa Engineers.
  • Transfer is a gift, without monetary consideration.
  • Transaction exempt from open offer under SEBI Takeover Regulations.
  • Acquisition to occur on or after October 7, 2026.
  • Compliance with disclosure norms confirmed by acquirer.