Parnax Lab sets record date for 44th AGM on September 22

0 min read | Published on 26 Aug 2026, 05:44 PM |Updated on 26 Aug 2026, 05:44 PM

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Key Highlights

Record date for 44th AGM set as September 22, 2026
Register of members closed from September 23 to September 29
E-voting period runs from September 26 to September 28
Compliance with LODR Regulations 42 and 44 confirmed

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

Parnax Lab has announced the record date for its 44th Annual General Meeting (AGM). The company fixed September 22, 2026, as the cut-off date to determine voting rights eligibility for shareholders.

The register of members and share transfer books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026. This closure facilitates the AGM scheduled for September 29, 2026.

E-voting Schedule

The company will enable electronic voting for all resolutions outlined in the notice. The e-voting window opens on Saturday, September 26, 2026, at 9:00 am and closes on Monday, September 28, 2026, at 5:00 pm.

Regulatory Compliance

The announcement aligns with Regulations 42 and 44 of the Listing Obligations and Disclosure Requirements (LODR) 2015. Preet Kukreja, Company Secretary and Compliance Officer, signed the disclosure dated August 26, 2026.

Historical Stock Returns for Parnax Lab

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.40%	+9.39%	0.0%	0.0%	0.0%	0.0%

What specific resolutions or strategic initiatives are expected to be debated at the 44th AGM?

How might the upcoming e-voting participation rate influence shareholder sentiment and corporate governance perceptions?

Are there any anticipated changes to the board of directors or executive compensation packages to be approved at the meeting?

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Parnax Lab promoters Mihir, Prakash Shah acquire stakes via inter-se gift

2 min read | Published on 14 Aug 2026, 10:59 AM |Updated on 14 Aug 2026, 12:45 PM

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Key Highlights

Parnax Lab promoters Mihir Prakash Shah and Prakash Mahasukhlal Shah acquired stakes via inter-se gifts from Baiju Shah and Ila B. Shah respectively. The transactions, executed in July 2026, involved no monetary consideration and did not alter the consolidated promoter holding. All regulatory filings under SEBI Takeover and Insider Trading regulations were completed by August 2026.

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

Parnax Lab promoters Mihir Prakash Shah and Prakash Mahasukhlal Shah have acquired significant stakes in the company through separate off-market inter-se transfers by way of gift. The transactions, executed on July 21 and July 20, 2026 respectively, involved transfers from fellow promoters Baiju Shah and Ila B. Shah. These moves reshuffle individual shareholdings within the promoter group without altering the total consolidated ownership of the promoters.

Mihir Shah acquired 3,77,355 equity shares (3.29%) from Baiju Shah, while Prakash Shah acquired 3,61,872 equity shares (3.15%) from Ila B. Shah. Both transactions were reported to the Bombay Stock Exchange (BSE) and SEBI in August 2026. The combined shareholding of the respective promoter pairs remained constant post-transaction, indicating a strategic realignment of individual holdings rather than a change in overall control.

Transaction Details

The acquisitions fall under the exemption provided in Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation permits inter-se transfers among promoters or persons acting in concert without triggering an open offer obligation. Consequently, no consideration was paid for the shares, as both transfers were structured as gifts.

Shareholder	Pre-Transaction Holding	Post-Transaction Holding	Change
Mihir Prakash Shah	11,41,250 shares (9.94%)	15,18,605 shares (13.22%)	+3,77,355 shares
Baiju Shah	13,29,261 shares (11.57%)	9,51,906 shares (8.29%)	-3,77,355 shares
Promoter Group Total (Pair 1)	24,70,511 shares (21.51%)	24,70,511 shares (21.51%)	No Change
Prakash Mahasukhlal Shah	12,01,676 shares (10.46%)	15,63,548 shares (13.61%)	+3,61,872 shares
Ila B. Shah	13,61,872 shares (11.86%)	10,00,000 shares (8.71%)	-3,61,872 shares
Promoter Group Total (Pair 2)	25,63,548 shares (22.32%)	25,63,548 shares (22.32%)	No Change

Regulatory Compliance

Both acquirers filed necessary disclosures with the BSE and SEBI at multiple stages to ensure compliance with Chapter V of the Takeover Regulations and relevant insider trading norms.

Mihir Shah’s Filings:

Regulation 10(5): Prior intimation submitted on June 25, 2026.
Regulation 10(6): Report on completed acquisition filed on July 24, 2026.
Regulation 10(7): Final report to SEBI submitted on August 13, 2026, along with filing fees of ₹1,77,000.
Insider Trading Disclosure: Form C under Regulation 7(3) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, filed on July 24, 2026.
Additional Disclosure: Disclosure under Regulation 29(2) of the Takeover Regulations was filed on July 22, 2026.

Prakash Shah’s Filings:

Regulation 10(5): Prior intimation submitted on June 25, 2026.
Regulation 10(6): Report on completed acquisition filed on July 24, 2026.
Regulation 10(7): Final report to SEBI submitted on August 13, 2026, along with filing fees of ₹1,77,000.
Insider Trading Disclosure: Form C under Regulation 7(3) filed on July 24, 2026.
Additional Disclosure: Disclosure under Regulation 29(2) of the Takeover Regulations was filed on July 22, 2026.

The documents confirm that both parties complied with all applicable regulations. The company’s paid-up share capital remains at ₹11,48,56,160, comprising 1,14,85,616 fully paid equity shares of ₹10 each.

Historical Stock Returns for Parnax Lab