Nila Spaces Limited Promoter Group Executes Share Transfer of 1.36 Crore Equity Shares

Nila Spaces Limited has announced a substantial intra-family share transfer within its promoter group, involving the gifting of 13600000 equity shares representing 3.46% of the company's total paid-up equity share capital. The transaction, executed on March 27, 2026, involved two separate but coordinated transfers from sons to their mother.

Transaction Details

The share transfer involved two promoter group members gifting their entire shareholdings to their mother through off-market transactions:

Transferor	Shares Transferred	Percentage	Recipient
Siddharth R Vadodaria	6800000	1.73%	Chhayaben R Vadodaria
Karan R Vadodaria	6800000	1.73%	Chhayaben R Vadodaria
Total Transfer	13600000	3.46%	Chhayaben R Vadodaria

Both transactions were executed as gifts through off-market mode, with the shares being transferred from the sons to their mother, Chhayaben R Vadodaria, who is also part of the promoter group.

Impact on Shareholding Pattern

The transfer significantly altered the shareholding pattern within the promoter group:

Shareholder	Before Transfer	After Transfer	Change
Siddharth R Vadodaria	6800000 (1.73%)	0 (0%)	-1.73%
Karan R Vadodaria	6800000 (1.73%)	0 (0%)	-1.73%
Chhayaben R Vadodaria	4300000 (1.09%)	17900000 (4.55%)	+3.46%

Following the transaction, Chhayaben R Vadodaria's shareholding increased from 1.09% to 4.55% of the total paid-up equity share capital, making her a more significant stakeholder within the promoter group.

Company Share Capital Structure

The company's equity share capital remained unchanged following the transaction:

Parameter	Details
Total Equity Share Capital	INR 393889200
Number of Equity Shares	393889200
Face Value per Share	INR 1
Listing Exchanges	BSE Limited, National Stock Exchange of India Limited

Regulatory Compliance

The transactions were disclosed in compliance with SEBI regulations, specifically:

Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Regulation 7(2)(a) of SEBI (Prohibition of Insider Trading) Regulations, 2015

All three parties - Siddharth R Vadodaria, Karan R Vadodaria, and Chhayaben R Vadodaria - submitted their respective disclosures to BSE Limited and National Stock Exchange of India Limited on March 30, 2026. The company's management, through Company Secretary Gopi Dave, also submitted the consolidated disclosures to both exchanges, ensuring full regulatory compliance for the intra-family share transfers within the promoter group.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.37%	+4.46%	-4.50%	-19.90%	+13.80%	+854.29%

Nila Spaces Limited has announced significant changes to its board committee structure following the resignation of an Independent Director. The company informed stock exchanges about the reconstitution of its Audit Committee and Stakeholder Relationship Committee on 30 March 2026.

Committee Leadership Changes

The reconstitution became necessary after Mr. Amit Chokshi resigned from his position as an Independent Director. In response to this development, the Board of Directors appointed Mr. Shrinjay Joshi as the new Chairperson for both the Audit Committee and Stakeholder Relationship Committee through a Circular Resolution.

Updated Committee Composition

Both committees now maintain identical three-member structures following the reconstitution:

Committee Position:	Member Name
Chairperson:	Shrinjay Shyamal Joshi
Member:	Rajal Bhanukumar Mehta
Member:	Prashant Himatbhai Sarkhedi

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 by informing both BSE Limited and National Stock Exchange of India Limited about these committee changes. Company Secretary Gopi Dave signed the official communication to the stock exchanges.

Committee Functions

The Audit Committee and Stakeholder Relationship Committee serve critical governance functions within the company's organizational structure. The reconstituted committees will continue their oversight responsibilities under the new leadership arrangement, ensuring continuity in corporate governance practices.