Jamshri Realty Ltd promoter Premratan Bhairuratan Damani has disclosed the gift of his entire 18.53% equity stake to Rajesh Prem Ratan Damani. The transaction, completed on September 18, 2026, involved 12,94,600 shares transferred without monetary consideration.

This disclosure was filed with the Bombay Stock Exchange on September 21, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The move consolidates majority control within the immediate family group, as Rajesh Damani now holds a combined 62.89% stake in the company.

Transaction details and regulatory compliance

The transfer involved 12,94,600 equity shares moving from Premratan Bhairuratan Damani to Rajesh Damani. Prior to this specific block transfer, Premratan Damani held these shares directly. Following the transaction, his holding in the company reduced to nil. The acquisition falls under the exemption provided by Regulation 10(1)(a)(i) of the SAST Regulations, meaning no open offer is required for the acquirer.

The total equity share capital of Jamshri Realty remains unchanged at ₹6,98,65,000, comprising 6,986,500 equity shares of ₹10 each. The disclosure confirms that there were no encumbrances, such as pledges or liens, on the transferred shares prior to the sale.

What the numbers show

The data highlights a complete exit of Premratan Bhairuratan Damani from his direct shareholding position, transferring 12,94,600 shares valued at zero consideration due to the gift nature of the transfer. When combined with the earlier disclosed transfer from Bimladevi Damani (30,99,360 shares), Rajesh Damani’s total holding reaches 43,93,960 shares. This represents a significant consolidation of ownership, shifting the majority voting power to a single individual within the promoter group while maintaining the total diluted share capital constant.

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.