Kumbhat Financial Services Limited has completed an inter-se transfer of shares among its promoter group, consolidating 5,11,200 shares under Managing Director Sanjay Kumbhat. The company informed BSE Limited on April 07, 2026, about the completion of this internal restructuring among promoters through formal regulatory disclosures.

Transfer Details and Structure

The inter-se transfer involved seven promoters transferring their shareholdings to Sanjay Kumbhat through different mechanisms. Most transfers were executed as gifts, while one transaction with Vardhaman Parekh was conducted within the price limits specified under Regulation 10(1)(a) of SEBI SAST Regulations. The acquisition date was March 30, 2026.

Shareholding Changes and Impact

The transfer resulted in significant changes to individual promoter holdings while maintaining the overall promoter group shareholding. Sanjay Kumbhat's shareholding increased substantially, representing 9.60% of the company's diluted share capital through this acquisition.

Regulatory Compliance Framework

The company submitted comprehensive disclosures under Regulation 10(6) of SEBI (SAST) Regulations, 2011, following the prior intimation made on February 27, 2026, under Regulation 10(5). The transaction qualifies for exemption from open offer obligations under Regulation 10(1)(a)(ii) of SEBI SAST Regulations.

Corporate Structure Consolidation

This inter-se transfer represents a consolidation of promoter holdings under the Managing Director's control while maintaining regulatory compliance. The transaction strengthens Sanjay Kumbhat's position as the primary promoter, with his shareholding increasing from 12.73% to 22.33% of the total share capital. Seven promoters who transferred their entire shareholdings will be removed from the promoter and promoter group category, subject to compliance with applicable SEBI regulations. The acquisition does not result in any change in control or management of the company.

Kumbhat financial services Limited has responded to BSE's inquiry regarding significant price movement in its shares, clarifying that the recent volatility appears to be purely market-driven. The company issued the clarification on March 17, 2026, following BSE's email dated March 16, 2026, which sought explanation for unusual price and volume behavior in the stock.

Company's Position on Price Movement

In its official response, Kumbhat Financial Services stated that it is not aware of any information or impending announcements that could have influenced the share price movement. The company emphasized its commitment to transparency and regulatory compliance in its communication to the exchange.

Regulatory Compliance and Disclosure Practices

The company highlighted its adherence to disclosure requirements under SEBI regulations. Key aspects of their compliance framework include:

• Prompt disclosure of all material events and information
• Regular updates on operations and performance developments
• Timely sharing of price-sensitive information as mandated under Regulation 30 of SEBI LODR Regulations, 2015
• No withholding of material information that could impact share price

Management's Assessment

Managing Director Sanjay Kumbhat signed the clarification, attributing the price movement to market dynamics rather than any specific corporate developments. The company maintained that the share price behavior reflects investor sentiment and market forces rather than any undisclosed material information.

Investor Access and Transparency

Kumbhat Financial Services ensures that all regulatory disclosures are made available on its official website at kumbhatfinancialserviceslimited.com for easy investor access. This practice aligns with SEBI LODR Regulations requirements for maintaining transparency with stakeholders and providing convenient access to material information.