[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:

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

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.

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

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.

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.