Parshwanath Corp discloses 1.18 lakh share gift between promoters
- Parshwanath Corporation disclosed a gift transfer of 1,18,526 shares between promoters
- Raj Rushabh Patel acquires shares from Indiraben N. Patel with no monetary consideration
- The transaction is exempt from open offer obligations under SEBI SAST Regulations
- Aggregate promoter holding remains unchanged despite individual stake shifts
*this image is generated using AI for illustrative purposes only.
Parshwanath Corporation Limited disclosed an inter-se transfer of 1,18,526 equity shares by way of gift from Indiraben N. Patel to Raj Rushabh Patel. The transaction falls under the exemption provided in Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The off-market transaction involves qualifying persons within the promoter group and does not alter the aggregate shareholding of the promoter and promoter group.
Transaction Details
Raj Rushabh Patel, who is the grandson of the transferor, acquired the shares without any monetary consideration. The disclosure was submitted to the Bombay Stock Exchange on September 11, 2026.
| Particulars | Details |
|---|---|
| Acquirer | Raj Rushabh Patel |
| Transferor | Indiraben N. Patel |
| Shares Transferred | 1,18,526 equity shares |
| Consideration | Nil (Gift) |
| Regulatory Exemption | Regulation 10(1)(a)(i) of SAST Regulations |
Shareholding Impact
The transfer results in a change in individual holdings within the promoter group while keeping the combined stake constant. Raj Rushabh Patel’s holding increases from 36.85% to 40.63% of the total share capital. Conversely, Indiraben N. Patel’s holding reduces from 3.78% to zero.
What the Numbers Show
The data confirms that this is a purely internal restructuring of ownership within the promoter family. Since the aggregate percentage held by the promoter and promoter group remains identical before and after the transaction, there is no change in the effective control or voting power structure of the company as reported to regulators.
Historical Stock Returns for Parshwanath Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +11.74% | +42.07% | +12.37% | 0.0% | 0.0% |
Will this consolidation of stake under Raj Rushabh Patel signal a shift in strategic decision-making or operational focus for Parshwanath Corporation?
How might the elimination of Indiraben N. Patel's direct holding impact the long-term succession planning and governance structure of the promoter group?
Could this internal restructuring pave the way for future capital raising activities or external partnerships by simplifying the promoter group's ownership hierarchy?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
