Mahip Industries Promoters Complete 9.5 Lakh Share Transfer Under SEBI Rules

1 min read Updated on 14 Mar 2026, 12:39 PM

Reviewed by

Radhika SScanX News Team

Overview

Mahip Industries Limited reported a significant inter-promoter share transfer where Mamta Rajiv Agrawal acquired 9.5 lakh equity shares (4.94% stake) from Rajiv Govindram Agrawal through off-market transaction on March 12, 2026. The transfer increased Mamta's holding from 1.45% to 6.39% while reducing Rajiv's stake from 52.52% to 47.58%, with proper disclosure made under SEBI takeover regulations.

*this image is generated using AI for illustrative purposes only.

Mahip Industries Limited has disclosed a significant share transfer between promoters, with Mamta Rajiv Agrawal acquiring 9.5 lakh equity shares from promoter Rajiv Govindram Agrawal through an off-market transaction. The acquisition was executed on March 12, 2026, and disclosed to BSE Limited on March 13, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Share Transfer Details

The off-market transaction involved the acquisition of 9,50,000 equity shares by Mamta Rajiv Agrawal, representing 4.94% of the company's total share capital. This inter-promoter transfer significantly altered the shareholding pattern within the promoter group.

Parameter:	Mamta's Holdings	Rajiv's Holdings	Transaction Details
Before Transaction:	2,78,528 shares (1.45%)	1,01,05,136 shares (52.52%)	-
After Transaction:	12,28,528 shares (6.39%)	91,55,136 shares (47.58%)	-
Shares Transferred:	+9,50,000	-9,50,000	4.94%
Transaction Date:	March 12, 2026	March 12, 2026	Off Market

Regulatory Compliance

The disclosure was submitted by Mamta Rajiv Agrawal pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rajiv Govindram Agrawal, in his capacity as Whole-Time Director (DIN: 01922581), filed the required format with BSE Limited on behalf of the company, providing comprehensive details of the shareholding changes as mandated under substantial acquisition disclosure norms.

Company Share Capital Structure

Mahip Industries Limited maintains an equity share capital of Rs. 19,23,99,840 divided into 1,92,39,984 equity shares of Rs. 10 each. The share capital structure remained unchanged following this transfer transaction, with only the ownership pattern within the promoter group being affected.

Company Background

Mahip Industries Limited, formerly known as Care Corupack Limited, is listed on BSE with scrip code 542503. 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 Safal Solitair, Makarba, S.G. Road, Ahmedabad.

Mahip Industries Promoter Reduces Stake Through Open Market Sale

1 min read Updated on 05 Dec 2025, 11:03 AM

Reviewed by

Riya DScanX News Team

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Overview

Rajeev Govindram Agrawal HUF, a promoter of Mahip Industries Limited, has reduced its stake in the company through open market transactions. The promoter sold 2,00,000 equity shares on December 4, 2025, decreasing their shareholding from 11.43% to 10.39%. This represents a 1.04% reduction in the company's ownership structure. The transaction aligns with SEBI's regulatory requirements for promoter shareholding disclosures.

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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

Aspect	Details
Promoter	Rajeev Govindram Agrawal HUF
Transaction Type	Open Market Sale
Number of Shares Sold	2,00,000 equity shares
Date of Transaction	December 4, 2025
Initial Shareholding	11.43%
Final Shareholding	10.39%
Change in Shareholding	Decrease of 1.04%

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.