Photoquip India: Promoter Dhaval Soni Acquires 13.75% Stake via Transmission

Photoquip India Limited announced that Dhaval Jayant Soni, a Promoter, has acquired 8,24,822 equity shares, representing 13.75% of the company's share capital. This acquisition occurred through transmission following the demise of Late Ms. Tara Jayant Soni. Consequently, Mr. Soni's total shareholding in the company increased from 9.97% to 23.71%. The company clarified that this transmission is exempt from open offer obligations under SEBI regulations, as it is considered an acquisition by succession/inheritance. There has been no change in the consolidated shareholding of the Promoter and Promoter Group.