Seksaria Finance disclosed the transfer of an aggregate 18.50% promoter stake through gifts and settlement deeds, effective on or after September 24, 2026. The transactions fall under Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, exempting them from open offer requirements.

The company confirmed that the aggregate holding of the promoter and promoter group remains unchanged before and after these inter-se transfers. The disclosures were filed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transfer Details

The restructuring involves three primary acquirers within the promoter group:

• Yashasvi Vivek Seksaria acquires 18.50% of the total share capital (comprising transfers from joint holdings with Geeta Kailashchandra Seksaria and Kailashchandra Kesardeo Seksaria) by way of gift.
• Aparna Seksaria acquires 9.66% from Vinay Kailashchandra Seksaria by way of gift.
• Vivek Kailashchandra Seksaria acquires 1.13% (0.95% + 0.18%) from Anushree Fabrics Private Limited, Vinay Corporation (HUF), Kailash Chandra Kesardeo (HUF), and Kesardeo And Sons (HUF). The latter portion is via settlement deed due to HUF dissolution.

Shareholding Changes

*Note: Vivek Kailashchandra Seksaria’s stake increased from 9.62% to 10.56% in the first tranche and further to 10.74% in the second tranche involving HUF dissolution.

What the Numbers Show

The consolidation of stakes among immediate relatives and qualifying persons indicates a structural alignment within the promoter group rather than a change in overall control. The exemption under Regulation 10(1)(a) confirms that all transferees have been named as promoters in the shareholding pattern for at least three years prior to the transaction, satisfying the regulatory criteria for avoiding a public open offer.