Brand Concepts Limited Discloses Inter-Se Transfer of 1,624,220 Equity Shares Under SEBI SAST Regulations
Brand Concepts Limited has disclosed a proposed off-market inter-se transfer of 1,624,220 equity shares (13.01% of total share capital) from promoter Mr. Pradeep Maheshwari to promoter group member Mr. Prateek Maheshwari, scheduled on or before 08 May 2026. The transfer is by way of gift with no monetary consideration and is exempt from open offer requirements under Regulation 10(1)(a)(i) of the SEBI SAST Regulations. Post-transaction, Mr. Prateek Maheshwari's shareholding will rise from 11.03% to 24.04%, while Mr. Pradeep Maheshwari's stake will reduce from 19.78% to 6.77%. The disclosure was filed with both NSE and BSE on 04 May 2026, along with requisite declarations confirming compliance with all applicable regulatory conditions.

*this image is generated using AI for illustrative purposes only.
Brand Concepts Limited has submitted a formal disclosure to the stock exchanges dated 04 May 2026, under Regulation 10(5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SEBI SAST Regulations"), announcing a proposed off-market inter-se transfer of equity shares within its promoter group. The transaction involves the transfer of 1,624,220 equity shares, constituting 13.01% of the company's total share capital, from Mr. Pradeep Maheshwari (Promoter) to Mr. Prateek Maheshwari (Member of Promoter Group), scheduled to be completed on or before 08 May 2026.
Transaction Overview
The proposed transfer is structured as a gift, with no monetary consideration involved. As an inter-se transfer between members of the promoter and promoter group, the transaction falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI SAST Regulations, thereby exempting the acquirer from the obligation to make an open offer. The key details of the proposed transaction are summarised below:
| Parameter: | Details |
|---|---|
| Date of Proposed Transaction: | On or before 08 May 2026 |
| Transferor: | Mr. Pradeep Maheshwari (Promoter) |
| Transferee: | Mr. Prateek Maheshwari (Member of Promoter Group) |
| Number of Shares to be Transferred: | 1,624,220 equity shares |
| Percentage of Total Share Capital: | 13.01% |
| Nature of Transfer: | Off-market inter-se transfer by way of gift |
| Consideration: | Nil |
| Exemption Regulation: | Regulation 10(1)(a)(i) of SEBI SAST Regulations |
Impact on Shareholding Structure
The proposed transfer will result in a significant change in the individual shareholdings of the transferor and transferee within the promoter group, while the aggregate promoter and promoter group holding in Brand Concepts Limited remains within the same group. The table below details the shareholding positions before and after the proposed transaction:
| Shareholder: | Shares Before | % Before | Shares After | % After |
|---|---|---|---|---|
| Mr. Prateek Maheshwari (Acquirer): | 1,376,154 | 11.03% | 3,000,374 | 24.04% |
| Mr. Pradeep Maheshwari (Seller): | 2,468,853 | 19.78% | 844,633 | 6.77% |
Following the transfer, Mr. Prateek Maheshwari's individual shareholding will increase from 11.03% to 24.04%, while Mr. Pradeep Maheshwari's holding will decrease from 19.78% to 6.77%.
Regulatory Compliance and Declarations
Mr. Prateek Maheshwari, in his capacity as Managing Director and Member of the Promoter Group (DIN: 00039340), has signed the disclosure and accompanying declarations. The acquirer has declared that both the transferor and transferee have complied with the applicable disclosure requirements under Chapter V of the SEBI SAST Regulations during the three years prior to the date of the proposed acquisition. Additionally, the acquirer has confirmed that all conditions specified under Regulation 10(1)(a) of the SEBI SAST Regulations with respect to the applicable exemptions have been duly complied with, as detailed in Annexure B filed with the stock exchanges.
Filing and Documentation
The disclosure was filed with both the National Stock Exchange of India Limited and BSE Limited on 04 May 2026. Supporting documentation, including copies of disclosures made by the transferor and transferee during the previous three years in accordance with Chapter V of the SEBI SAST Regulations, has been enclosed as Annexure A. The filing has been digitally signed by Mr. Prateek Maheshwari and submitted to the exchanges for record and dissemination to all concerned parties.
Historical Stock Returns for Brand Concepts
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.18% | +3.25% | +8.27% | -34.74% | -31.90% | +905.05% |
With Mr. Prateek Maheshwari's shareholding rising to 24.04% as Managing Director, how might this consolidation of control influence Brand Concepts Limited's strategic direction and corporate governance decisions?
Could this significant shift in promoter shareholding distribution signal a broader succession planning or leadership transition within the Maheshwari family at Brand Concepts Limited?
How might minority shareholders and institutional investors react to the increased concentration of shares in the hands of the Managing Director, and could this impact the stock's liquidity or valuation?


































