Photoquip promoter Vimal Jayant Soni has increased his shareholding in the company to 21.15% following the acquisition of 8,24,820 equity shares. The transaction was executed via transmission consequent to the demise of Late Ms. Tara Jayant Soni, also a promoter of the company.

The acquisition, dated September 7, 2026, does not involve any market trading or change in investment intent. It is exempt from open offer requirements under Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

Soni’s holding rose from 4,44,277 shares (7.40%) to 12,69,097 shares (21.15%). The total equity share capital of Photoquip remains unchanged at 60,00,800 shares.

Regulatory Compliance

The disclosure was made pursuant to Regulation 7(2)(a) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(1) of the SEBI (SAST) Regulations, 2011. Soni confirmed that there has been no change in the consolidated total shareholding of the Promoter and Promoter Group as a whole.

The Board of Directors of photoquip has appointed M/s. Kamdar Desai & Patel LLP, Chartered Accountants, as the company’s Internal Auditor for the financial year 2026-27. The appointment, effective from April 1, 2026, to March 31, 2027, was approved at a board meeting held on August 4, 2026, following a recommendation from the Audit Committee.

The decision aligns with Section 138 of the Companies Act, 2013, read with Rule 13 of the Companies (Accounts) Rules, 2014. The firm will be responsible for conducting internal audits and assessing internal financial controls for the specified period. There are no disclosed relationships between the appointed firm and the company’s directors.

Appointment Details

Firm Profile

M/s. Kamdar Desai & Patel LLP is a firm of Chartered Accountants with experience in internal audit, statutory audit, taxation, risk management, financial reporting, internal financial controls, and corporate advisory services. The appointment ensures continuity in the company’s compliance and risk management framework for the upcoming fiscal year.

The board meeting commenced at 3:30 P.M. and concluded at 4:00 P.M. at the company’s registered office in Mumbai. The outcome was disclosed pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.