Shareholding2 Jul 2026, 05:20 pm
Mahalaxmi Seamless Promoters Gift Shares, 0.44% Stake Transfer
AI Summary
Mahalaxmi Seamless Limited announced an off-market inter-se transfer of 551,412 equity shares, representing 0.44% of the total share capital, between promoters via gift. The transfer is between immediate relatives and is exempt from open offer requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically Regulation 10(1)(a)(i). The Board of Directors took note of this proposed transaction at a meeting held on July 2, 2026. The transfer is scheduled to occur on or after July 15, 2026.
Key Highlights
- Promoters of Mahalaxmi Seamless Ltd are transferring shares via gift.
- 0.44% of total equity shares are involved in the inter-se transfer.
- The transaction is an off-market gift between immediate relatives.
- Transfer is exempt from open offer under SEBI Takeover Regulations.
- Board of Directors has acknowledged the proposed share transfer.
Price Impact
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