Aakash Exploration Services Limited has intimated the stock exchanges regarding an inter-se transfer of shares amongst its promoters. Navinchandra Vershibhai Haria is set to acquire 72,77,950 shares, constituting 7.19% of the total share capital, from Krunal Pravin Haria. The acquisition is scheduled to take place on or after July 28, 2026.

The transaction involves a transfer of shares without consideration by way of gift. This move is classified as an inter-se transfer by a promoter to an immediate relative, falling under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the acquirer is exempt from making an open offer.

The disclosure confirms that both the transferor and transferee have complied with the applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011, during the three years prior to the proposed acquisition. The acquirer has also declared that all conditions specified under regulation 10(1)(a) regarding exemptions have been duly complied with.

Following the transaction, the shareholding pattern of the promoters will undergo a significant shift. Navinchandra Vershibhai Haria's holding will increase from 1,500 shares to 72,79,450 shares, raising his stake to 7.19%. Conversely, Krunal Pravin Haria will cease to hold any shares in the company, reducing his stake from 7.19% to 0.00%.

Shareholding Details

Promoters of aakash exploration services held 6,73,75,872 equity shares, representing 66.54% of the total share capital, as on March 31, 2026. The company confirmed that no shares were encumbered, directly or indirectly, during the financial year ended March 31, 2026. This disclosure was submitted to the National Stock Exchange of India Limited in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing, signed by Hemang Haria, Promoter, Whole Time Director, and CFO, detailed the shareholding pattern of the promoter and promoter group. The declaration ensures transparency regarding the pledging or encumbrance of promoter holdings, a key metric for investor risk assessment.

Promoter and Promoter Group Holdings

The breakdown of shareholdings reveals that the majority of the stake is concentrated among three individual promoters. The table below details the specific holdings as of March 31, 2026.

The document was addressed to the National Stock Exchange of India Limited, with copies marked to the Company Secretary and the Audit Committee of Aakash Exploration Services Limited.