Ruchi Infrastructure Limited has officially responded to BSE's surveillance inquiry regarding recent price movements, clarifying that the fluctuations are attributed to inter-se promoter group transfers executed during March 2026. The company emphasized that these transactions did not alter the overall promoter group shareholding structure.

BSE Surveillance Response

In a formal communication dated April 7, 2026, Ruchi Infrastructure addressed BSE's price movement query by confirming compliance with all applicable SEBI regulations, including Regulation 30 of the SEBI (LODR) Regulations, 2015. The company's response highlighted that necessary disclosures have been made to both National Stock Exchange of India Limited and BSE Limited regarding the promoter transfers.

Original Stake Acquisition Details

The price movement inquiry stems from earlier transactions where Soyumm Marketing Private Limited acquired 81,05,610 equity shares in Ruchi Infrastructure Limited, representing 3.43% of the company's paid-up equity share capital. The transaction was executed on March 27, 2026, through an inter-se transfer mechanism among promoter group entities.

Regulatory Compliance and Transparency

The acquisition triggered disclosure requirements under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, as the gross acquisition exceeded the 2% threshold. The inter-se transfer involved Disha Foundation selling 16,05,610 shares and Ruchi Realty Private Limited divesting 65,00,000 shares to Soyumm Marketing.

Market Clarification

Ruchi Infrastructure's response to BSE emphasized that the recent transfers were conducted both off-market and on BSE Limited during March 2026. The company stressed that despite individual entity shareholding changes within the promoter group, the aggregate promoter group holding remained unchanged at 53.70% of the total equity share capital of ₹23,60,24,942.

The formal response was signed by the Company Secretary and submitted with the official company stamp, demonstrating the company's commitment to maintaining transparency with regulatory authorities and market participants regarding corporate actions that may influence share price movements.

Ruchi Infrastructure promoter group member Amisha Shahra has filed a comprehensive disclosure with stock exchanges under SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, regarding the receipt of 76,00,000 equity shares from immediate relative Ankesh Shahra. The transaction, executed as a gift on March 10, 2026, represents 3.22% of the company's total share capital.

Transaction Overview

The inter-se promoter transfer involved 76,00,000 equity shares transferred from Ankesh Shahra to Ms. Amisha Shahra through an off-market gift transaction. Both parties are part of the promoter group, with the transaction falling under exemption provided by Regulation 10(1)(a)(i) and 10(1)(a)(ii) of SEBI (SAST) Regulations, 2011.

Regulatory Compliance Framework

Amisha Shahra's disclosure, dated March 12, 2026, was submitted to BSE Limited and National Stock Exchange of India Limited under Regulation 10(6) of SEBI regulations. The filing followed an earlier disclosure made under Regulation 10(5) on January 2, 2026. The transaction qualifies for exemption as an inter-se transfer among immediate relatives within the promoter group.

Updated Shareholding Structure

The latest disclosure reveals corrected shareholding details, showing the promoter group's aggregate holding remains unchanged. The transaction represents a strategic reorganization within the promoter group while maintaining overall control structure.

Market Implications

The gift transaction demonstrates compliance with regulatory frameworks while facilitating internal shareholding adjustments among family members. With shares listed on both BSE Limited and National Stock Exchange of India Limited, the company maintains its promoter group structure. The transaction required no open offer as it falls within SEBI exemption provisions for inter-se transfers among immediate relatives, ensuring seamless execution without market disruption.