Rajesh Prem Ratan Damani has acquired an 18.53% stake in Jamshri Realty Ltd through an off-market inter-se transfer by way of gift. The transaction involved 1,294,600 shares transferred from promoter Premratan Bhairuratan Damani to his immediate relative.

The acquisition was completed on September 18, 2026. Prior to the transfer, the acquirer held no shares in the company. Following the transaction, the seller's holding has reduced to zero.

Transaction details

The transfer falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, no open offer is required. The disclosure was filed with the BSE on September 21, 2026.

What the Numbers Show

The transfer represents a complete exit for the named promoter from this specific portion of share capital. The entire 18.53% block moved directly to the acquirer without any monetary consideration, consolidating ownership within the immediate family group. The total equity share capital of the target company remains unchanged at ₹6,98,65,000, comprising 6,986,500 equity shares of ₹10 each.

Jamshri Realty disclosed that Rajesh Damani acquired 43,93,960 equity shares through an off-market gift transfer from promoters on August 31, 2026.

The transaction involves shares transferred from Promratan Damani and Bimladevi Damani to their son, Rajesh Damani. The acquisition is exempt from open offer requirements under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it constitutes a transfer between immediate relatives without consideration. The intimation was filed under Regulation 10(5) of the SAST Regulations.

Transaction Details

The shareholding structure changes significantly following the gift deed execution. Rajesh Damani moves from a nil holding to a controlling stake in the company. The rationale for the transfer is cited as a private arrangement between family members out of love and affection.

Promratan Damani transferred 12,94,600 shares (18.53%), while Bimladevi Damani transferred 30,99,360 shares (44.36%). The total transfer represents 62.89% of the company’s total share capital. The proposed date of acquisition is any time after four working days from the intimation date.

Regulatory Compliance

The company filed the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The acquirer confirmed compliance with all conditions specified under the SAST Regulations for exemptions related to transfers to immediate relatives. Additionally, declarations under Regulation 31(4) of the SAST Regulations confirm that no encumbrances were made on the shares during FY25-26 by the transferring promoters.

What the Numbers Show

The consolidation of promoter holdings into a single individual reduces the number of active promoter entities while maintaining the overall promoter group’s control. The complete divestment by Premratan and Bimladevi Damani indicates a full succession or consolidation of ownership interest within the family group, with no financial consideration involved in the transfer.