Indian Wood Products: Promoters to gift 14.32% shares (91.6 Lk)

The Indian Wood Products Company Ltd has received 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 by way of gift, without any consideration. Both the acquirer and transferor are part of the promoter and promoter group. The transfer is exempted under 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 promoters and the promoter group will remain unchanged after this transaction, which is expected to occur on or after June 26, 2026.