StockWatch
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Industrial Products
Shareholding30 Sept 2026, 11:10 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. Mohammed 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 and Takeovers) Regulations, 2011. The proposed acquisition is scheduled for on or after October 7, 2026. Following the transaction, Mohammed Fazlurrehman Kagdi's shareholding will increase to 1,84,823 shares (3.26% of total share capital).

Key Highlights

  • Promoter group member acquiring 1.98% stake via gift.
  • Transfer is inter-se among promoters, exempt from open offer.
  • Acquisition by Mohammed Fazlurrehman Kagdi from Jamilabibi Fazlurrehman Kagdi.
  • Transaction date on or after October 7, 2026.
  • No consideration involved in the share transfer.