Promoter Bharat Mohta acquired 91,60,200 equity shares of The Indian Wood Products from his mother, Savita Mohta, through a gift deed executed on August 24, 2026.

The off-market transaction involved no monetary consideration and was structured as an inter-se transfer among immediate relatives. Mohta filed the requisite disclosure with the Securities and Exchange Board of India (SEBI) on September 10, 2026, under Regulation 10(7) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

The acquisition significantly consolidated promoter ownership within the entity. Prior to the transfer, Bharat Mohta held 76,37,530 shares, representing 11.94% of the total paid-up share capital. Following the receipt of the gifted shares, his individual holding rose to 1,67,97,730 shares, or 26.26%.

Savita Mohta, who previously held 91,60,200 shares (14.32%), disposed of her entire stake in the company through this transaction, leaving her with a nil holding.

Regulatory Compliance

The acquirer adhered to the procedural timelines mandated by the SEBI SAST Regulations. The prior intimation regarding the proposed acquisition was filed with BSE Limited on August 17, 2026, satisfying Regulation 10(5). The post-acquisition disclosure under Regulation 10(6) was submitted to the stock exchange on August 27, 2026.

Additionally, both the acquirer and the seller filed disclosures under Regulation 29(2) on August 26, 2026, reporting the change in shareholding. The transaction relied on the exemption provided under Regulation 10(1)(a)(ii), which covers transfers between persons named as promoters for at least three years prior to the acquisition.

Promoter Group Consolidation

While the individual holdings of Bharat and Savita Mohta changed substantially, the aggregate holding of the promoter group remained effectively stable. The total promoter group holding decreased marginally from 4,55,58,765 shares (71.216%) to 4,55,46,018 shares (71.122%). This minor reduction was due to a separate disposal of 61,107 shares by Krishna Kumar Mohta, another member of the promoter group, during the same period.

The Indian Wood Products Co. Ltd promoters executed significant shareholding changes on August 24, 2026, involving a large off-market gift and open-market sales.

Savita Mohta gifted 9,160,200 equity shares, representing 14.319% of the company’s total equity, to her son and the company’s Chairman & Managing Director, Bharat Mohta. The transaction was disclosed under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Shareholding Changes

Bharat Mohta’s stake increased substantially following the receipt of the gifted shares. His holding rose from 7,637,530 shares (11.939%) to 16,797,730 shares (26.258%). Savita Mohta’s holding decreased from 9,160,200 shares (14.319%) to nil.

Krishna Kumar Mohta, another promoter, sold 61,107 equity shares on the Bombay Stock Exchange over August 24 and 25, 2026. The sales were executed in two tranches: 12,747 shares (0.020%) on August 24 and 48,360 shares (0.075%) on August 25.

His total holding reduced from 2,040,909 shares (3.190%) to 1,979,802 shares (3.095%). The total value of these transactions was reported as ₹2,048,214, excluding taxes and brokerage charges.

Regulatory Exemptions

The acquisition by Bharat Mohta was made in reliance on the exemption provided under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations. This exemption applies to persons named as promoters in the shareholding pattern for not less than three years prior to the proposed acquisition. The initial disclosure was filed with BSE Limited on August 17, 2026, under Regulation 10(5).

What the Numbers Show

The consolidation of promoter holdings is evident in the shift of control within the promoter group. Bharat Mohta’s stake more than doubled to 26.258%, making him the largest individual promoter shareholder following the gift from Savita Mohta. Meanwhile, Krishna Kumar Mohta’s reduction of 0.095% through open-market sales indicates a minor liquidity adjustment rather than a strategic exit, given his retained 3.095% stake.

No derivative transactions were reported by any of the promoters during this period.