Parshwanath Corporation closes trading window for Q2FY27 results

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Reviewed by
Shriram SScanX News Team
Key Highlights
  • Trading window closed immediately for Q2FY27 results
  • Window reopens 48 hours after financial results are published
  • Closure complies with SEBI Prohibition of Insider Trading Regulations
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Parshwanath Corporation Limited has closed its trading window for dealing in equity shares, effective immediately. The closure remains in force until 48 hours after the company's unaudited financial results for the quarter ended September 30, 2026, become generally available information.

This action is taken pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The restriction applies to all Designated Persons as defined under the regulations, preventing them from trading in the company's securities during this blackout period.

The intimation was filed with BSE Limited on October 1, 2026. The notice was signed by Riddhi Rushabh Patel, Joint Managing Director of the company.

Compliance details

Item Detail
Company Parshwanath Corporation Limited
Quarter Q2FY27 (ended September 30, 2026)
Window Status Closed
Reopening 48 hours after result publication
Regulation SEBI (PIT) Regulations, 2015

Investors should note that the trading window will reopen only after the specified waiting period following the public disclosure of the financial results.

Historical Stock Returns for Parshwanath Housing Finance

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%-13.41%-9.99%-13.68%0.0%

How might the upcoming Q2FY27 financial results influence Parshwanath Corporation's stock volatility once the trading window reopens?

What are the current analyst expectations regarding Parshwanath Corporation's asset quality and net interest margins for the quarter ended September 30, 2026?

Will the timing of the result announcement coincide with any broader sector-wide regulatory changes affecting housing finance companies in India?

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Parshwanath Corp promoter Raj Patel acquires 3.78% stake via gift

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • Parshwanath Corporation Ltd promoter Raj Rushabh Patel acquired 1,18,526 shares via gift
  • Stake transfer represents 3.78% of total paid-up equity capital
  • Raj Rushabh Patel's holding increases to 40.63% while Indiraben N. Patel's drops to nil
  • Transaction exempt from open offer requirements under SEBI SAST Regulations 2011
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[Parshwanath Corporation Limited](parshwanath housing finance) disclosed an inter-se transfer of 1,18,526 equity shares, representing 3.78% of its total paid-up share capital, amongst promoters by way of gift.

The transaction involves a complete divestment of the transferor's holding to the transferee, both members of the promoter group. Mrs. Indiraben N. Patel transferred her entire stake to Mr. Raj Rushabh Patel on September 19, 2026.

Transfer Details

The movement in shareholding is detailed below:

Particulars Details
Transferor Mrs. Indiraben N. Patel
Transferee Mr. Raj Rushabh Patel
Shares Transferred 1,18,526 (3.78%)
Mode of Transfer Off market inter-se transfer immediate relative (by way of gift)

Mrs. Indiraben N. Patel held 1,18,526 shares (3.78%) prior to the transaction. Her post-transfer holding stands at nil.

Mr. Raj Rushabh Patel held 11,54,135 shares (36.85%) before the transfer. His stake increases to 12,72,661 shares (40.63%) following the receipt of the gifted shares.

Regulatory Disclosure and Exemption

The company stated that this transfer is inter-se amongst existing promoters and does not result in any change in the aggregate shareholding of the Promoter and Promoter Group. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additionally, Mr. Raj Rushabh Patel submitted a report under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the acquisition falls within the exemption provided under Regulation 10(1)(a)(i) of the SAST Regulations, as it is an inter-se transfer among promoters. Consequently, no open offer obligation arises, and no consideration is involved as the transfer was by way of gift.

Riddhiben R. Patel, Joint Managing Director, signed the communication addressed to BSE Limited.

Historical Stock Returns for Parshwanath Housing Finance

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%-13.41%-9.99%-13.68%0.0%

How might the consolidation of promoter stake to 40.63% influence Parshwanath Corporation's future strategic decision-making and board dynamics?

Could this internal transfer signal a broader succession planning initiative within the Patel family's promoter group?

What are the potential implications for minority shareholder confidence given the increased concentration of voting power in a single individual?

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1 Year Returns:-13.68%