Pari Washington reduces stake in India Motor Parts to 1.39%

1 min read     Updated on 26 May 2026, 12:15 AM
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AI Summary

Pari Washington India Master Fund, Ltd. and Pari Washington Investment Fund sold 347,781 shares in India Motor Parts & Accessories Limited on May 21, 2026, reducing their stake from 4.18% to 1.39%. The transaction was executed via the open market and disclosed under SEBI SAST Regulations. The company's total equity share capital remains 12,480,000 shares.

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Pari Washington India Master Fund, Ltd. has reduced its shareholding in India Motor Parts & Accessories Limited by 2.79% through an open market transaction. The seller, along with Pari Washington Investment Fund acting as a Person Acting in Concert (PAC), disposed of 347,781 shares on May 21, 2026. This sale brought down the acquirer's total stake in the company to 1.39%, down from a previous holding of 4.18%.

The transaction details were disclosed to the stock exchanges in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the entities involved do not belong to the promoter or promoter group of the target company. The shares of India Motor Parts & Accessories Limited are listed on both the Bombay Stock Exchange and the National Stock Exchange.

Following the disposal, the total number of shares held by Pari Washington India Master Fund, Ltd. and its PAC stands at 173,769. The equity share capital and total voting capital of India Motor Parts & Accessories Limited remained unchanged at 12,480,000 shares before and after the transaction. There were no changes in holdings related to encumbrance, voting rights otherwise than by shares, or warrants and convertible securities.

The disclosure was submitted by Ms. Dilshaad Banu Mustapha Hammaad Rajabalee Ruhomally, the Authorised Signatory for Pari Washington India Master Fund, Ltd. The document was signed in Mauritius on May 25, 2026, and addressed to the Bombay Stock Exchange.

Shareholding Details

The table below outlines the changes in shareholding percentages and absolute numbers before and after the transaction.

Metric Number of Shares % of Total Share Capital % of Diluted Share Capital
Holding Before Disposal
Shares carrying voting rights 521,550 4.18% 4.18%
Disposal Details
Shares sold (347,781) (2.79%) (2.79%)
Holding After Disposal
Shares carrying voting rights 173,769 1.39% 1.39%

Historical Stock Returns for India Motor Parts & Accessories

1 Day5 Days1 Month6 Months1 Year5 Years
-0.62%+10.17%+9.62%+8.56%+6.69%+66.75%

What prompted Pari Washington India Master Fund to reduce its stake significantly at this time?

How might this divestment impact the stock price and investor sentiment of India Motor Parts & Accessories Limited?

Are there indications of other institutional investors following suit or increasing their holdings in the company?

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IMPAL confirms no promoter share encumbrances for FY26

2 min read     Updated on 22 May 2026, 08:41 AM
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India Motor Parts & Accessories Limited confirmed via an annual declaration that its promoters and promoter group members held no encumbrances on shares for FY26. The disclosure, compliant with SEBI Takeover Regulations, lists 36 stakeholders including individuals and holding firms. The statement was signed by Ananth Ramanujam on April 3, 2026.

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India Motor Parts & Accessories Limited (IMPAL) has disclosed that its promoters and members of the promoter group have not created any encumbrances on their shareholdings during the financial year ending March 31, 2026. This confirmation was provided in an annual declaration submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration was made by Ananth Ramanujam, a person belonging to the promoter group, on behalf of the listed entities. The document confirms that neither the promoters nor the promoter group members have directly or indirectly encumbered the shares held by them in the company during the specified financial year or any prior period.

Promoter and Promoter Group Details

The disclosure includes a comprehensive list of individuals and entities classified as either promoters or part of the promoter group. The list encompasses 36 distinct stakeholders, ranging from individuals to various private limited holding companies.

S.No Name of the Entity / Person Category
1. S Ram Promoter
2. S Vijji Promoter
3. Vijaya Rangarajan Promoter
4. R Ramanujam Promoter
5. R Ramanujam (HUF) Promoter
6. S Vijji (HUF) Promoter
7. Gita Ram Promoter Group
8. Srivats Ram Promoter Group
9. Nivedita Ram Promoter Group
10. Aruna Sankaranarayanan Promoter Group
11. S Ram Trustee Promoter Group
12. Daya Ambirajan Promoter Group
13. Tarika Ram Promoter Group
14. Ranjan Ambirajan Promoter Group
15. Chitra Vijji Promoter Group
16. Harsha Vijji Promoter Group
17. Sriram Vijji Promoter Group
18. Srivats Ram HUF Promoter Group
19. Arjun Rangarajan Promoter Group
20. Prema Ramanujam Promoter Group
21. Srikanth Ramanujam Promoter Group
22. Rupa Srikanth Promoter Group
23. Ananth Ramanujam Promoter Group
24. Sumanth Ramanujam Promoter Group
25. Deepa Ramaprasad Promoter Group
26. Keshav Ramaprasad Promoter Group
27. Aditya S. Ramanujam Promoter Group
28. Tulsi S Ramanujam Promoter Group
29. Sanjana Tara Ramanujam Promoter Group
30. Revathi Holdings Private Limited Promoter Group
31. Padmalakshmi Holdings Private Limited Promoter Group
32. Maham Holdings Private Limited Promoter Group
33. Allegro Holdings Private Limited Promoter Group
34. Silver Oak Holdings Private Limited Promoter Group
35. Rohini Holdings Private Limited Promoter Group
36. Raghuvamsa Holdings Private Limited Promoter Group

The declaration attests that the information submitted regarding the shareholding status is true and correct. The document was signed and submitted in Chennai on April 3, 2026.

Historical Stock Returns for India Motor Parts & Accessories

1 Day5 Days1 Month6 Months1 Year5 Years
-0.62%+10.17%+9.62%+8.56%+6.69%+66.75%

How might IMPAL's clean promoter shareholding record influence institutional investor confidence and potential stake acquisitions in the company going forward?

Given the complex promoter group structure with 36 stakeholders including multiple holding companies, what succession planning or consolidation strategies might IMPAL consider to streamline governance?

How could IMPAL's consistent regulatory compliance under SEBI's Takeover Regulations position the company for potential mergers or strategic partnerships in India's evolving auto components sector?

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1 Year Returns:+6.69%