Skyways Air Services Limited disclosed that Tarun Sharma, Promoter and Whole-Time Director, acquired 17,000 equity shares on the open market on September 30, 2026.

The transaction was executed on the National Stock Exchange of India Limited. The total value of the acquisition stood at ₹19,50,510, excluding taxes, brokerage, and other charges. This purchase represents a marginal increase in the promoter's holding from 24.47% to 24.48% of the total issued and paid-up equity share capital.

Transaction details

The disclosure was made under Regulation 7(2)(b) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Sharma submitted the intimation to the company on October 1, 2026, following the trade execution date of September 30, 2026.

Holding pattern shift

Prior to this acquisition, Sharma held 35,558,004 equity shares, constituting 24.47% of the company's total share capital. Post-acquisition, his holding increased to 35,575,004 shares, representing 24.48%. The increase in percentage is minimal due to the large base of existing holdings relative to the small volume of newly purchased shares.

What the numbers show

The acquisition of 17,000 shares for ₹19,50,510 implies an average price per share of approximately ₹114.74. This calculation is derived directly from the disclosed transaction value and share count. The move signals continued confidence by the promoter group, although the absolute change in ownership percentage remains below 0.01%, indicating a maintenance of control rather than a significant strategic stake increase.

Skyways Air Services has appointed Yashpal Sharma as its Chairman and Managing Director for a term of five years, effective January 1, 2027. The appointment was approved by shareholders during the Annual General Meeting held on September 30, 2026.

Leadership and governance updates

The company also appointed M/s. MSTR & Associates as the Secretarial Auditor for a period of five years, effective September 30, 2026. The following table summarises the key details of these appointments:

Profile of the new CMD

Yashpal Sharma brings over two decades of experience in the logistics sector. His expertise includes setting up strategies for sales, marketing, business promotion, and strategic tie-ups. Notably, Sharma is the brother of Tarun Sharma, the Whole-time director of the company.

Sharma is not debarred from holding the office of director by any regulatory authority. The appointment consolidates leadership under a single position for the defined tenure, replacing the previous structure.

Secretarial auditor details

M/s. MSTR & Associates is led by Teena Rani, a Practicing Company Secretary with over seven years of experience in corporate law and governance. She has been a member of the Institute of Company Secretaries of India since 2015. The firm is not related to any director of the company.