Seksaria Finance: Promoters Exchange Shares, Exempt from Open Offer

Seksaria Finance Ltd has announced an inter-se transfer of shares among its promoters and promoter group. This transaction, involving the transfer of 1,865,220 shares (18.50% of diluted share capital) from Geeta Kailashchandra Seksaria & Yashasvi Seksaria and Kailashchandra Kesardeo Seksaria & Yashasvi Seksaria to Yashasvi Vivek Seksaria, is considered a gift and thus has no monetary consideration. Another transfer involves 973,630 shares (9.66% of diluted share capital) from Vinay Kailashchandra Seksaria to Aparna Seksaria, also a gift. These transfers are exempt from open offer requirements under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011. Disclosures were made within the stipulated timelines.