Rajputana Stainless: Promoter Group Inter-se Share Gift of 30,000 Shares

Rajputana Stainless Limited has disclosed an inter-se transfer of 30,000 shares (0.04% of total share capital) within its promoter and promoter group. The transfer is by way of a gift deed from Jayesh Natvarlal Pithva to Jyotsna Haresh Parmar. This transaction is exempt from an open offer under Regulation 10(1)(a)(i) & (ii) of SEBI (SAST) Regulations, 2011, as it involves immediate relatives or promoters holding shares for over three years. The company stated that there will be no change in the total shareholding of the promoter group post this transaction. The rationale provided is a private family arrangement.