Mahip Industries Limited has disclosed a significant share transfer by promoter Rajiv Govindram Agrawal, who transferred 31 lakh equity shares to Mamta Rajiv Agrawal through a gift deed transaction. The transfer was executed on March 13, 2026, and disclosed to BSE Limited on March 16, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Share Transfer Transaction Details

The off-market transaction involved the transfer of 31,00,000 equity shares from Rajiv Govindram Agrawal to Mamta Rajiv Agrawal through a gift deed, representing 16.11% of the company's total share capital. This transfer significantly reduced Rajiv's shareholding from 47.58% to 31.47% while increasing Mamta's stake from 6.39% to 22.50%.

Regulatory Compliance and Filing

The disclosure was submitted pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Both Rajiv Govindram Agrawal, in his capacity as Whole-Time Director (DIN: 01922581), and Mamta Rajiv Agrawal filed the required Form C with BSE Limited on March 16, 2026, providing comprehensive details of the shareholding changes as mandated under insider trading disclosure norms.

Promoter Group Shareholding Pattern

The inter-se transfer within the promoter group maintains the overall promoter shareholding while redistributing ownership between family members. Both parties are categorized as promoters and share the same address at C/101, Auravilla, Thaltej Hebatpur Road, Thaltej, Ahmedabad-380059.

Company Information

Mahip Industries Limited, formerly known as Care Corupack Limited, is listed on BSE with scrip code 542503 and ISIN INE00CX01017. The company's registered office and manufacturing unit are located at Survey No. 127, Jalalpur (G), Dholka Bagodara Highway, Tal. Dholka Dist Ahmedabad, while its corporate office operates from A-902, Safal Solitair, Nr. Divya Bhaskar, Makarba, S.G. Road, Ahmedabad.

Mahip Industries Limited, a company listed on the BSE SME platform, has reported a significant change in its promoter shareholding. According to a recent disclosure, Rajeev Govindram Agrawal HUF, a promoter of the company, has reduced its stake through open market transactions.

Key Details of the Transaction

Impact on Ownership Structure

The sale has resulted in a reduction in the promoter's stake in Mahip Industries Limited. This transaction has decreased the shareholding of Rajeev Govindram Agrawal HUF from 11.43% to 10.39%, representing a decline of 1.04 percentage points in the company's ownership structure.

Regulatory Compliance

This disclosure aligns with the regulatory requirements set by the Securities and Exchange Board of India (SEBI). Under SEBI regulations, promoters are required to disclose changes in their shareholding that exceed certain thresholds, ensuring transparency in the market and keeping investors informed about significant ownership changes.

Market Implications

While the reasons behind the sale have not been disclosed, such transactions by promoters may attract investor attention. Market participants might monitor further developments to assess any potential impact on the company's future direction or performance.

Investors and stakeholders of Mahip Industries Limited are advised to keep track of any additional disclosures or announcements from the company that may provide more context to this transaction.