Techno Electric & Engineering Company Limited disclosed an inter-se transfer of 2,00,000 equity shares from promoter Ankit Saraiya to Techno Family Welfare Trust on June 30, 2026. The transaction was executed via a gift deed without consideration, aimed at streamlining the family's assets within the promoter group. The aggregate holding of the promoter and promoter group remains unchanged following this transfer.

The transfer falls under the exemption provided by Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the acquirer is not required to make an open offer. The company submitted the necessary disclosures to the stock exchanges on July 02, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The off-market transfer involved the movement of shares between members of the promoter group. The rationale provided for the transfer was to facilitate a private arrangement to streamline family assets. The details of the shareholding changes are outlined below:

Shareholding Pattern

The disclosure detailed the shareholding positions before and after the acquisition. The acquirer, Techno Family Welfare Trust, is classified as a family trust of the promoters. The transferor, Ankit Saraiya, reduced his direct holding as a result of the gift.

The company confirmed that all conditions specified under the relevant regulations for exemptions have been duly complied with. The filing was signed by Niranjana Brahma, Company Secretary, and Avantika Gupta on behalf of Techno Family Welfare Trust.

Techno Electric & Engineering Company Limited received Rs 80 Cr on May 25, 2026, against Non-Convertible Debentures (NCDs) held in Sankhya Financial Services. The receipt, corresponding to NCDs with a face value of Rs 80 Cr, has been accounted for as a part payment, though the company clarified that no further dues are acknowledged or extinguished by this transaction. The firm continues to maintain a statement of account against trust capital and is engaged in discussions to resolve the residual balance.

Transaction Details

The payment was received against NCDs issued by Sankhya Financial Services. The following table outlines the key financial details of the transaction:

Regulatory Disclosure

This disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Limited. The communication was signed by Niranjan Brahma, Company Secretary & Compliance Officer of Techno Electric & Engineering Company Limited.