Madhav Infra Projects: Promoter Group Inter-se Share Transfer of 61.59 Mn Shares

Madhav Infra Projects Ltd has filed a disclosure regarding an inter-se transfer of 61,593,562 equity shares within the promoter group. The transfer, executed via a Gift Deed, involves Armaan Amit Trust acquiring shares from Mr. Ashok Madhavdas Khurana. This transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, as it's an inter-se transfer among promoters who have held their promoter status for over three years. The total shareholding of the promoter group remains unchanged post-transfer. The acquisition is proposed to occur on or after August 12, 2026.