Thakral Services (India) Limited has closed its trading window for all Directors, designated persons, and other officials effective July 1, 2026. This measure is in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct to prevent insider trading during the financial results period.

The restriction will remain in place until the expiry of 48 hours after the declaration of the financial results for the quarter ending June 30, 2026. The company has stated that the specific date for the Board Meeting to declare these results will be intimated in due course.

The communication was addressed to BSE Limited on June 22, 2026, and signed by Nirmala Sridhar, Managing Director of Thakral Services (India) Limited.

Netizen Properties Private Limited has acquired 86,84,200 equity shares, representing 74% of the paid-up capital of Thakral Services (India) Limited , through an off-market transaction. The acquisition, which took place on May 20, 2026, was executed under the exemption provided by Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation exempts takeovers when shares are transferred between two companies where the same person holds not less than fifty per cent of the equity shares in both entities.

The seller in this transaction was Paramount Park Limited, which held the 74% stake prior to the sale. Following the acquisition, Netizen Properties Private Limited now holds the entire 74% shareholding, while Paramount Park Limited's stake has reduced to zero. The acquisition price was fixed at INR.15.25 per share.

Compliance filings were made with the stock exchanges and SEBI. Reports under Regulation 10(5) and Regulation 10(6) were filed with BSE Limited on May 6, 2026, and May 21, 2026, respectively. Additionally, disclosures were made under Regulation 29(1) and Regulation 29(2) of the SEBI SAST Regulations, along with Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

A report under Regulation 10(7) was submitted to SEBI on June 8, 2026, within the stipulated 21 working days from the date of acquisition. The requisite fee of INR.1,77,000, comprising a base fee of INR.1,50,000 and GST of INR.27,000, was remitted to SEBI via reference number DIDNH771M17S80 dated June 10, 2026.

The acquirer confirmed that the transaction price was not higher by more than twenty-five per cent of the volume-weighted average market price (VWAP) for the sixty trading days preceding the notice to the stock exchanges. Gurmukh Singh Thakral, Director of Netizen Properties Private Limited, signed the declaration confirming compliance with all specified conditions for the exemption.

Acquisition Details