Jamshri Realty Limited witnessed a significant shift in its shareholding pattern as Rajesh Damani, the son of the company's promoters, acquired a 62.89% stake through an off-market gift transfer. The transaction involved the movement of 43,93,960 equity shares from his parents, Premratan Damani and Bimladevi Damani, to himself without any monetary consideration.

The acquisition was executed on September 18, 2026, via an inter-se transfer between promoters and their immediate relative. This move falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which allows such transfers between immediate relatives without triggering an open offer obligation.

Transaction Details

The transfer comprised two distinct portions from the individual promoters to their son. Premratan Damani transferred 12,94,600 shares, representing 18.53% of the total share capital, while Bimladevi Damani transferred 30,99,360 shares, accounting for 44.36%. Post-transaction, both parents hold no shares in the company, while Rajesh Damani holds the entire block previously held by them.

Regulatory Compliance

The acquirer filed prior intimation under Regulation 10(5) on August 31, 2026, and post-intimation under Regulation 10(6) on September 21, 2026. The final disclosure under Regulation 10(7) was submitted on October 7, 2026, accompanied by the requisite fee of ₹1,50,000 plus GST. The filing confirms that the acquirer and sellers complied with all disclosure requirements under Chapter V of the Takeover Regulations.

What the Numbers Show

The transaction represents a complete consolidation of the founders' equity into the next generation. Before this transfer, Rajesh Damani held nil shares in Jamshri Realty. The shift results in him holding 62.89% of the company's total share capital, effectively transferring majority control from the founding parents to their son. The absence of consideration highlights that this is a succession planning measure rather than a market-based valuation event.

Jamshri Realty Ltd promoter Premratan Bhairuratan Damani has disclosed the gift of his entire 18.53% equity stake to Rajesh Prem Ratan Damani. The transaction, completed on September 18, 2026, involved 12,94,600 shares transferred without monetary consideration.

This disclosure was filed with the Bombay Stock Exchange on September 21, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The move consolidates majority control within the immediate family group, as Rajesh Damani now holds a combined 62.89% stake in the company.

Transaction details and regulatory compliance

The transfer involved 12,94,600 equity shares moving from Premratan Bhairuratan Damani to Rajesh Damani. Prior to this specific block transfer, Premratan Damani held these shares directly. Following the transaction, his holding in the company reduced to nil. The acquisition falls under the exemption provided by Regulation 10(1)(a)(i) of the SAST Regulations, meaning no open offer is required for the acquirer.

The total equity share capital of Jamshri Realty remains unchanged at ₹6,98,65,000, comprising 6,986,500 equity shares of ₹10 each. The disclosure confirms that there were no encumbrances, such as pledges or liens, on the transferred shares prior to the sale.

What the numbers show

The data highlights a complete exit of Premratan Bhairuratan Damani from his direct shareholding position, transferring 12,94,600 shares valued at zero consideration due to the gift nature of the transfer. When combined with the earlier disclosed transfer from Bimladevi Damani (30,99,360 shares), Rajesh Damani’s total holding reaches 43,93,960 shares. This represents a significant consolidation of ownership, shifting the majority voting power to a single individual within the promoter group while maintaining the total diluted share capital constant.