Balkrishna Namdeo Salunkhe has increased his shareholding in Jaro Institute of Technology Management and Research Limited by acquiring 4,55,098 equity shares, representing 2.04% of the total share capital. The acquisition was executed on June 09, 2026, via an off-market transfer as a gift from his brother, Rajendra Namdeo Salunkhe. The transaction falls under the exemption provided by Regulation 10(1)(a)(i) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it involves a transfer within the promoter and promoter group. Consequently, the aggregate holding of the promoter and promoter group remains unchanged before and after the transaction.

The acquirer submitted a report under Regulation 10(7) of the SEBI (SAST) Regulations to the Securities and Exchange Board of India on June 22, 2026. The report was filed through the SEBI SI Portal with Application Id Number 682. An applicable fee of ₹1,50,000 plus GST @ 18% of ₹27,000, aggregating to ₹1,77,000, was remitted via internet banking transaction number DICIPW61NM5TAK dated June 22, 2026. The disclosure regarding the acquisition was submitted to the stock exchanges on June 20, 2026, in compliance with Regulation 10(6) of the SEBI (SAST) Regulations, 2011, which was filed with a delay of 5 days. A prior intimation regarding the proposed inter-se transfer was filed with the exchanges on May 22, 2026.

The following table details the shareholding changes resulting from this transaction:

The transferor, Rajendra Namdeo Salunkhe, held 4,55,098 shares amounting to a 2.04% stake prior to the transaction. Following the transfer of these shares as a gift, the transferee, Balkrishna Namdeo Salunkhe, now holds a total of 9,12,196 shares, which constitutes 4.10% of the company's diluted share capital. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Jaro Institute of Technology Management and Research Limited disclosed that its promoters and promoter group did not create or invoke any encumbrance on their equity shares during the financial year ended March 31, 2026. The declaration, submitted by Promoter Sanjay Namdeo Salunkhe, confirms that no shares held by the promoter group were pledged directly or indirectly throughout FY26. This disclosure provides shareholders with assurance regarding the absence of leverage against the promoter's holding, a key indicator of financial stability and governance.

The filing was made to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates the disclosure of any encumbrance created or invoked by promoters on the shares of the target company. The document, dated April 6, 2026, was signed by Sanjay Namdeo Salunkhe on behalf of the promoter and promoter group, including persons acting in concert.

The disclosure identified 29 entities as part of the promoter group and persons acting in concert. The list includes individual promoters such as Balkrishna Namdeo Salunkhe, Anita Sanjay Salunkhe, and Rajendra Namdeo Salunkhe, as well as corporate entities like Aquamist Realty LLP, Fidelis Management Consultants Private Limited, and Jaro Fincap Private Limited. The complete list of entities is detailed in the annexure provided to the exchanges.

List of Promoters and Promoter Group