Multiplus Holdings Promoter Discloses No New Share Encumbrances for FY26

Multiplus holdings promoter Jignesh Ramniklal Sheth has submitted a regulatory disclosure to BSE Limited confirming that no new share encumbrances were created during the financial year 2025-26. The disclosure was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Details

The Managing Director disclosed his shareholding position as of March 31, 2026, providing transparency on promoter holdings and encumbrance status.

Parameter:	Details
Promoter Name:	Jignesh Ramniklal Sheth
Designation:	Managing Director
DIN:	00290211
Shares Held:	93,5500 equity shares
As of Date:	March 31, 2026

Regulatory Compliance

The disclosure was filed pursuant to SEBI takeover regulations, which require promoters to declare any encumbrances on their shareholdings. Sheth confirmed that he, including other promoters and group entities along with persons acting in concert, held 93,5500 equity shares of the company as of March 31, 2026.

The promoter specifically stated that no encumbrances were made, directly or indirectly, other than those already disclosed during the financial year 2025-26. This declaration provides clarity to investors and regulatory authorities about the unencumbered status of promoter holdings.

Corporate Communication

The disclosure was addressed to both BSE Limited's Department of Corporate Services and the company's Audit Committee. The communication was dated April 10, 2026, and included the company's scrip code 505594 and symbol MULTIIN for proper identification and record-keeping purposes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Multiplus Holdings Ltd is set to witness a significant change in its shareholding pattern as Jignesh Ramniklal Sheth, the company's Promoter and Managing Director, is slated to acquire a substantial stake through share transmission.

Key Details of the Share Transmission

Detail	Value
Shares to be Acquired	4,69,000 shares
Stake Percentage	24.95%
Source of Transmission	Late spouse Krishna Jignesh Sheth
Completion Date	On or before September 24, 2025

Impact on Shareholding

Shareholding	Percentage
Current Shareholding	24.81%
Post-Acquisition Shareholding	49.76%

Background of the Transmission

The share transmission is a result of the unfortunate demise of Krishna Jignesh Sheth, which occurred on December 9, 2013. This transfer of shares is taking place more than a decade after the event, highlighting the complexities often involved in such processes.

Regulatory Compliance

It's important to note that this acquisition is exempt from making an open offer under Regulation 10(1)(g) of SEBI (SAST) Regulation, 2011. This exemption applies because the transaction involves the transmission of shares rather than a purchase, aligning with regulatory guidelines for such scenarios.

Implications for Multiplus Holdings

This substantial increase in Jignesh Sheth's shareholding, nearly doubling his stake in the company, could have significant implications for Multiplus Holdings Ltd. As the Promoter and Managing Director, this enhanced ownership position may potentially influence the company's strategic decisions and governance structure.

Shareholders and market observers will likely be watching closely to see how this change in ownership might affect the company's future direction and performance. However, as the transmission is not scheduled to complete until 2025, the full impact of this change remains to be seen over the coming years.