Prima Innovation promoter Dilip Manharlal Parekh acquired 4,06,530 equity shares, representing 3.70% of the company’s total share capital, from his wife Madhavi Dilip Parekh through an off-market transfer by way of gift on September 7, 2026.

The transaction falls under the exemption provided in Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it involves an inter-se transfer between immediate relatives within the promoter group. Consequently, no open offer was required.

Transaction Details

The company filed a report under Regulation 10(7) with the Securities and Exchange Board of India (SEBI) and the Bombay Stock Exchange (BSE) on September 21, 2026. The filing confirmed that the requisite fee of ₹1,50,000 plus GST was remitted to SEBI via NEFT on September 18, 2026.

Prior disclosures were made in compliance with regulatory timelines:

• Regulation 10(5): Intimation of proposed acquisition filed on August 29, 2026.
• Regulation 10(6): Report on acquisition filed on September 8, 2026.
• Insider Trading Regulations: Disclosures under Regulations 4(1) and 7(2) were submitted on September 7, 2026.

Shareholding Pattern

The transfer resulted in a consolidation of the promoter’s individual holding while leaving the aggregate promoter group stake unchanged. The total equity share capital of Prima Innovation remains at 11,000,470 equity shares of ₹5 each.

What the Numbers Show

The data reveals a structural consolidation of voting rights within the promoter family without altering the overall control dynamics of the company. While Dilip Manharlal Parekh’s individual stake increased from 28.03% to 31.73%, the aggregate holding of the promoter and promoter group remained static at 58.29%. This indicates that the transaction was purely administrative or estate-planning in nature, rather than a strategic shift in ownership concentration or control.

Prima Innovation Limited disclosed an inter-se transfer of 4,06,530 equity shares, representing 3.70% of its total share capital, from Mrs. Madhavi Dilip Parekh to Mr. Dilip Manharlal Parekh. The transaction was executed by way of gift on September 7, 2026.

The move consolidates individual holdings within the promoter group without altering the aggregate stake of the promoters and their promoters' associated companies (PACs). The company confirmed that the total shareholding of the Promoter and Promoter Group remains constant at 58.29% both before and after the transaction.

Transaction Details

The acquisition falls under the exemption provided in Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which covers inter-se transfers between qualifying persons. Consequently, no open offer is required.

Additionally, the transaction was reported under Regulation 4(1) and Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was made pursuant to proviso (i) to Regulation 4(1), confirming the off-market nature of the transfer. The company filed the necessary disclosures with the Bombay Stock Exchange (BSE) on September 7, 2026. Prior to this filing, Prima Innovation had issued an intimation under Regulation 10(5) on August 29, 2026. The transfer involves no monetary consideration.

Shareholding Structure Impact

Mr. Dilip Manharlal Parekh, the acquirer, increased his individual stake from 28.03% to 31.73%. Conversely, Mrs. Madhavi Dilip Parekh’s holding reduced from 3.70% to 0.00%. Other members of the promoter group, including Bhaskar Manharlal Parekh and Chhaya Bhaskar Parekh, retained their existing stakes.

What the Numbers Show

The data indicates a consolidation of voting rights within the immediate family structure of the promoter group. While the aggregate control remains static at 58.29%, the shift increases Mr. Dilip Manharlal Parekh’s individual decision-making power relative to other PACs, whose stakes remain unchanged. This structural adjustment does not impact the public float or the overall promoter block size.