Panama Petrochem Ltd: Acquisition of Shares by Amin Amirali Rayani from Amirali Essabhai Rayani

According to a disclosure made under Regulation 10(7) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, Amin Amirali Rayani has acquired equity shares of Panama Petrochem Ltd from Amirali Essabhai Rayani by way of gift. This acquisition falls under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition was made on March 05, 2026, without any consideration. Amin Amirali Rayani and Amirali Essabhai Rayani are immediate relatives, being son and father respectively. The acquisition price per share is nil, as it was a gift. The acquirer and the seller have complied with the provisions of Chapter V of the Takeover Regulations.