Parshwanath Corp: Promoter group gift transfer of 3.78% shares

Parshwanath Corporation Ltd has filed a disclosure regarding a proposed acquisition of 1,18,526 shares, representing 3.78% of the total share capital, by Raj Rushabh Patel from Indiraben N. Patel. This transaction is an inter-se transfer within the promoter group, specifically a gift, and therefore exempt from open offer requirements under SEBI (SAST) Regulations, 2011. The aggregate holding of the promoter and promoter group remains unchanged post-transaction. The acquisition is by way of gift, with no consideration involved.