StockWatch
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Lubricants
Shareholding18 Jun 2026, 02:57 pm

Siddharth Mehra Transfers 3.33 Lakh Savita Oil Shares

AI Summary

Siddharth Mehra has disclosed an off-market inter-se transfer of 3,33,330 equity shares of Savita Oil Technologies Limited. This transfer is part of the dissolution of the Siddharth Mehra Trust, with shares moving to Simran G. Mehra, the sole beneficiary. The transaction is exempt from an open offer under Regulation 10(1)(a)(ii) of the SEBI SAST Regulations. A prior intimation was submitted on June 9, 2026, with the final disclosure made on June 17, 2026. No consideration was paid as it's a transfer to a beneficiary.

Key Highlights

  • Off-market transfer of 3,33,330 Savita Oil shares by Siddharth Mehra.
  • Transfer is part of the dissolution of the Siddharth Mehra Trust.
  • Transaction is inter-se among promoters, exempt from open offer.
  • Shares transferred to Simran G. Mehra, the sole beneficiary.
  • No consideration involved in the transfer.