StockWatch
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Iron & Steel
Shareholding28 Oct 2026, 05:20 pm

Rajputana Stainless: Promoter Group Gift of 30,000 Shares

AI Summary

Rajputana Stainless Limited has disclosed an inter-se transfer of 30,000 shares (0.04% of total share capital) within its promoter group via a Gift Deed. Jayesh Natvarlal Pithva is gifting the shares to Bhavika Samir Chudasama. This transaction is exempt from an open offer under SEBI (SAST) Regulations, 2011, specifically Regulation 10(1)(a)(i) & (ii), as it involves immediate relatives and promoters who have held their position for over three years. The transfer is considered a private family arrangement with no consideration involved, and the total shareholding of the promoter group remains unchanged.

Key Highlights

  • Promoter group to gift 30,000 shares (0.04%) of Rajputana Stainless.
  • Transaction is an inter-se transfer via Gift Deed, no cash consideration.
  • Exempt from open offer under SEBI SAST Regulations 10(1)(a)(i) & (ii).
  • No change in total promoter group shareholding after the transfer.
  • Transaction is a private family arrangement.