Rakesh Tainwala acquires 6.26% stake in Tainwala Chemicals

Rakesh Dungarmal Tainwala has acquired a 6.26% stake in tainwala chemicals & plastics (I) Limited through an inter-se transfer of shares by way of gift. The transaction, executed on June 3, 2026, involved the transfer of 5,86,464 equity shares from Rajkumar Tainwala to Rakesh Dungarmal Tainwala. Following this acquisition, Rakesh Dungarmal Tainwala will be classified as a Promoter of the company.

The disclosure was submitted to the stock exchanges on June 5, 2026, in compliance with Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer was made at a nil price among immediate relatives, relying on the exemption provided under Regulation 10(1)(a)(i). Prior to this acquisition, Rakesh Dungarmal Tainwala held no shares carrying voting rights in the target company.

Shareholding Details

The total equity share capital of Tainwala Chemicals & Plastics (I) Limited stands at 93,63,863 equity shares of ₹10 each. The shares are listed on BSE Limited and National Stock Exchange of India Limited.

The table below details the shareholding structure before and after the transaction:

Particulars	Number of Shares	% of Total Share Capital
Before Acquisition
Shares held by Acquirer	0	0
Shares held by Seller (Rajkumar Tainwala)	6,05,060	6.46
After Acquisition
Shares held by Acquirer	5,86,464	6.26
Shares held by Seller	18,596	0.20

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.50%	+1.15%	-3.17%	+5.06%	-6.60%	+172.10%

Rakesh Dungarmal Tainwala revised the number of equity shares proposed to be acquired in tainwala chemicals & plastics (India) Limited to 5,86,464 shares, representing 6.26% of the total share capital. The acquisition will be executed through an inter-se transfer by way of gift from his brother, Rajkumar Tainwala, on or after June 1, 2026. The revision, disclosed on May 26, 2026, updates the initial intimation submitted a day prior which had proposed the acquisition of 6,00,232 shares, or 6.41% of the share capital.

The transaction involves no consideration as it is a gift between immediate relatives. Consequently, the acquirer declared that the volume weighted average market price and other pricing mechanisms are not applicable. The transfer is exempt from the requirement to make an open offer under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as all specified conditions have been complied with.

Shareholding Pattern

The disclosure details the shift in shareholding resulting from the proposed transaction. Prior to the transfer, Rakesh Dungarmal Tainwala held no shares in the target company. Post-acquisition, his holding will rise to 5,86,464 shares. Conversely, the shareholding of the transferor, Rajkumar Tainwala, will decrease from 6,05,060 shares (6.46%) to 18,596 shares (0.20%).

Shareholder	Shares Before Transaction	% Before	Shares After Transaction	% After
Rakesh Dungarmal Tainwala	0	0	5,86,464	6.26
Shobha Ramesh Tainwala	9,72,069	10.38	9,72,069	10.38
Ramesh Tainwala	29,31,961	31.31	29,31,961	31.31
Arushi Rajkumar Tainwala	1,000	0.01	1,000	0.01
Concept Reality and Securities Private Limited	18,06,658	19.29	18,06,658	19.29
Tainwala Holdings Private Limited	27,867	0.30	27,867	0.30
Periwinkle Fashions Private Limited	8,844	0.09	8,844	0.09
Rajkumar Tainwala (Seller)	6,05,060	6.46	18,596	0.20

Regulatory Compliance

Rakesh Dungarmal Tainwala confirmed that both the transferor and transferee will comply with the applicable disclosure requirements outlined in Chapter V of the Takeover Regulations, 2011. The acquirer further declared that all conditions specified under Regulation 10(1)(a) regarding exemptions have been duly met. The revised disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited.