Keyurkumar Sheth acquires 18.03% stake in Integrity Infrabuild
Keyurkumar Sheth increased his stake in Integrity Infrabuild Developers Limited to 64.09% by acquiring 7,93,290 shares via a Gift Deed from his father. The transaction, exempt under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, was disclosed to the NSE on June 02, 2026. Total promoter group holding remains at 70.05%.
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Keyurkumar Sheth has increased his shareholding in Integrity Infrabuild Developers Limited to 64.09% following an inter-se transfer of shares. The acquirer obtained 7,93,290 shares, representing 18.03% of the diluted share capital, through a Gift Deed from his father, Rajendrakumar Sheth. The transaction was executed on June 09, 2026, and falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The disclosure regarding the proposed acquisition was filed with the National Stock Exchange of India Limited (NSE) on June 02, 2026, adhering to the timeline specified under Regulation 10(5) of the SEBI (SAST) Regulations. The transfer was conducted off-market as an inter-se transfer between immediate relatives.
Shareholding Details
The transfer resulted in a significant shift in the shareholding pattern of the promoter group. Rajendrakumar Sheth ceased to be a shareholder, divesting his entire 18.03% stake. Consequently, Keyurkumar Sheth's holding rose from 46.06% to 64.09%. The total promoter group shareholding remains unchanged at 70.05%.
| Shareholder | Pre-Transaction Shares | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|---|
| Keyurkumar Sheth | 20,26,780 | 46.06% | 28,20,070 | 64.09% |
| Rajendrakumar Sheth | 7,93,290 | 18.03% | Nil | Nil% |
| Other Promoter Group Shareholders | 2,79,868 | 6.36% | 2,79,868 | 6.36% |
| Total Promoter Group | 30,99,938 | 70.05% | 30,99,938 | 70.05% |
Regulatory Compliance
The acquirer confirmed compliance with all conditions specified under Regulation 10(1)(a) of the SEBI (SAST) Regulations, 2011. Furthermore, Keyurkumar Sheth declared that all provisions of Chapter V of the regulations will be complied with. The filing was submitted by Keyurkumar Sheth in his capacity as Promoter of Integrity Infrabuild Developers Limited.
Historical Stock Returns for Integrity Infrabuild Developers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +11.62% | +25.55% | +68.79% | +66.18% |
Will Keyurkumar Sheth's increased majority stake lead to changes in the company's strategic direction or management structure?
Does this consolidation of promoter ownership signal potential plans for delisting the company from the stock exchange?
How might the market react to the reduced liquidity of shares given the concentration of 64.09% in a single promoter's hands?
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