Sanjay Namdeo Salunkhe, a promoter of Jaro Institute of Technology Management and Research Limited , has increased his stake in the company through an open market acquisition. On June 12, 2026, Salunkhe acquired 15,326 equity shares, raising his total holding to 55.29% of the total voting capital.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was executed entirely through the open market.

Prior to this transaction, Salunkhe held 1,22,98,840 shares, which represented 55.23% of the total share capital. Following the purchase of 15,326 shares, his holding has increased to 1,23,14,166 shares. The company's equity share capital remains unchanged at 2,22,70,387 equity shares of Rs. 10/- each.

The table below details the changes in the promoter's shareholding pattern:

The total diluted share capital of the company stands at 2,23,89,920 equity shares of Rs. 10/- each. The shares of Jaro Institute of Technology Management and Research Limited are listed on both BSE Limited and National Stock Exchange of India Limited.

Jaro Institute of Technology Management and Research Limited has disclosed a substantial acquisition of shares under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure details a proposed inter-se transfer of shares by way of gift within the promoter group.

Transaction Details

Balkrishna Namdeo Salunkhe, an immediate relative of the promoter group, is set to acquire 4,55,098 equity shares from Mr. Rajendra Namdeo Salunkhe. The transaction is scheduled to take place on or after May 29, 2026. The shares being transferred represent 2.04% of the total share capital of the company.

The transfer is being executed via an Affidavit of Gift, resulting in nil consideration. As an inter-se transfer amongst qualifying persons who are immediate relatives, the transaction falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations, 2011. Consequently, the aggregate holding of the Promoter and Promoter Group remains unchanged before and after the transaction.

Shareholding Pattern

The disclosure outlines the changes in shareholding for the acquirer and the seller involved in the transaction. The table below details the holdings before and after the proposed gift of shares.

Regulatory Compliance

The acquirer has declared that the transferor and transferee have complied, and will continue to comply, with the applicable disclosure requirements outlined in Chapter V of the Takeover Regulations, 2011. Furthermore, it was confirmed that all conditions specified under Regulation 10(1)(a) regarding exemptions have been duly complied with for this inter-se transfer.