Netizen Properties Private Limited has acquired 86,84,200 equity shares, representing 74% of the paid-up capital of Thakral Services (India) Limited , through an off-market transaction. The acquisition, which took place on May 20, 2026, was executed under the exemption provided by Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation exempts takeovers when shares are transferred between two companies where the same person holds not less than fifty per cent of the equity shares in both entities.

The seller in this transaction was Paramount Park Limited, which held the 74% stake prior to the sale. Following the acquisition, Netizen Properties Private Limited now holds the entire 74% shareholding, while Paramount Park Limited's stake has reduced to zero. The acquisition price was fixed at INR.15.25 per share.

Compliance filings were made with the stock exchanges and SEBI. Reports under Regulation 10(5) and Regulation 10(6) were filed with BSE Limited on May 6, 2026, and May 21, 2026, respectively. Additionally, disclosures were made under Regulation 29(1) and Regulation 29(2) of the SEBI SAST Regulations, along with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

A report under Regulation 10(7) was submitted to SEBI on June 8, 2026, within the stipulated 21 working days from the date of acquisition. The requisite fee of INR.1,77,000, comprising a base fee of INR.1,50,000 and GST of INR.27,000, was remitted to SEBI via reference number DIDNH771M17S80 dated June 10, 2026.

The acquirer confirmed that the transaction price was not higher by more than twenty-five per cent of the volume-weighted average market price (VWAP) for the sixty trading days preceding the notice to the stock exchanges. Gurmukh Singh Thakral, Director of Netizen Properties Private Limited, signed the declaration confirming compliance with all specified conditions for the exemption.

Acquisition Details

Thakral services (India) Limited has announced a board meeting scheduled for May 4, 2026, to review and approve its audited financial results for the fourth quarter and full year ended March 31, 2026. The meeting represents a key corporate governance milestone as the company prepares to disclose its annual financial performance.

Board Meeting Details

The Board of Directors will convene on Monday, May 4, 2026, at 4:30 PM in Bangalore to conduct official business related to the company's financial reporting obligations.

Regulatory Compliance

The board meeting has been convened in strict adherence to regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Specifically, the company is complying with Regulation 29, which mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

Thakral Services (India) Limited formally notified BSE Limited about the scheduled meeting through an official communication dated April 17, 2026. The notification was signed by Managing Director Nirmala and addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Financial Results Review

The primary agenda item for the board meeting involves the consideration and approval of audited financial results for the quarter and year ended March 31, 2026. This comprehensive review will encompass both quarterly and annual financial performance metrics, providing stakeholders with a complete picture of the company's financial health and operational efficiency during the concluded fiscal year.

Corporate Information

Thakral Services (India) Limited operates from its registered office located at 1st Floor, Shree Rajarajeshwari Arcade, Outer Ring Road, opposite Lumbini Garden, Veerannapalya Flyover, Bengaluru. The company maintains its corporate identity number as L70101KA1983PLC005140, reflecting its incorporation in Karnataka in 1983.