Promoter Chander Kala Goyal has transferred 2,97,21,877 equity shares of Ajanta Soya Limited to the CKG Family Trust by way of gift. The transaction represents 36.93% of the company’s paid-up share capital and was executed on September 16 and 17, 2026.

The transfer is part of a broader succession plan within the promoter group. In addition to the direct share transfer, Mrs. Goyal also gifted 3,76,004 equity shares of Cosmic Alloys and Metal Works Private Limited (CAMWPL) to the trust. CAMWPL holds an indirect 11.18% stake in Ajanta Soya.

Regulatory Exemption

The transactions were conducted under an exemption granted by SEBI on July 30, 2026, bearing reference no. WTM/KCV/CFD/08/2026-27. The regulator waived the open offer requirements under Regulation 3 read with Regulation 5 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The exemption recognized that the transfer involves no change in control or management, as both the transferor and the acquirer belong to the same promoter group.

Shareholding Impact

The restructuring consolidates promoter holdings under the CKG Family Trust without altering the total promoter group stake.

The public shareholding remains unchanged at 50.20%, ensuring continued compliance with minimum public shareholding norms.

What the Numbers Show

The transaction results in a significant concentration of voting power within the CKG Family Trust. Post-transfer, the trust holds a direct stake of 38.27% and exercises indirect control over an additional 11.18% through CAMWPL. This brings the trust’s effective influence to 49.45% of the company’s equity, maintaining the status quo for overall promoter control while centralizing governance under a single trust structure.

Ajanta Soya promoter Chander Kala Goyal has acquired an indirect stake in the company through a gift transaction involving a promoter group entity.

Goyal acquired 3,76,004 equity shares, representing 51.02% of the equity share capital of Cosmic Alloys and Metal Works Private Limited (CAMWPL). This acquisition grants Goyal more than 50% voting rights in CAMWPL.

Transaction Details

CAMWPL holds 90,00,000 equity shares, which represents 11.18% of the issued and paid-up equity share capital of Ajanta Soya Limited. The transfer was executed as an off-market inter-se acquisition of voting rights.

The transaction complies with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It also aligns with an SEBI Exemption Order dated July 30, 2026 (Ref: WTM/KCV/CFD/08/2026-27), which exempted Goyal from the requirements of Regulation 3 read with Regulation 5 regarding the indirect acquisition of shares and voting rights.

Shareholding Impact

There is no direct acquisition or transfer of Ajanta Soya shares by Goyal in this transaction. Consequently, the number of shares and voting rights held by CAMWPL in the target company remains unchanged. The total equity share capital of Ajanta Soya remains at ₹16,09,65,980, divided into 8,04,82,990 equity shares of ₹2 each.

The disclosure was filed with BSE Limited on September 17, 2026.