Madhav Infra Promoters Transfer 7.57 Cr Shares

Madhav Infra Projects Ltd has disclosed an inter-se transfer of 7,57,16,940 equity shares among its promoters and promoter group. Mr. Ashok Madhavdas Khurana will transfer these shares to Mr. Amit Khurana, Mrs. Neelakshi Amit Khurana, and Armaan Amit Trust. The transfer, occurring on or after August 12, 2026, is classified as an off-market transaction under Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011. This transaction is exempt from open offer requirements as it involves transfers within the promoter group and does not alter the total promoter shareholding. The disclosure is made in compliance with Regulation 10(5) of SEBI (SAST) Regulations.