Indian Wood Products: Promoter group gift transfer of 14.32% shares

The Indian Wood Products Company Ltd has filed a disclosure regarding the proposed acquisition of 91,60,200 equity shares, representing 14.32% of the total paid-up share capital, by Mr. Bharat Mohta from Mrs. Savita Mohta. This transaction is an off-market inter-se transfer of shares by way of gift, with no consideration involved. The transfer falls under the exemption provided by Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, meaning no open offer is required. The aggregate holding of the promoters and promoter group will remain unchanged post-transaction. The acquisition is set to occur after August 22, 2026.