Jamshri Realty: Promoter relative acquires 62.89% via gift

Jamshri Realty Ltd has announced that Mr. Rajesh Damani, an immediate relative of the promoter, acquired 43,93,960 equity shares, representing 62.89% of the total voting share capital. The acquisition was made through an off-market transfer by way of gift from promoters Premratan Damani and Bimladevi Damani, without any consideration. This transaction falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has submitted the necessary disclosure under Regulation 10(7) of SEBI SAST Regulations.