Virendrabhai Ramchandra Gandhi has consolidated his holding in Vadilal Industries Limited (VIL) and Vadilal Enterprises Limited (VEL) through a series of off-market share transfers completed on August 17, 2026. The promoter acquired a total of 1,10,908 shares in VIL, representing a 1.54% increase in his stake, while adding 22,532 shares in VEL, amounting to a 2.62% rise.

The transactions were structured as gifts from related parties and the absorption of shares previously held in joint capacity. The moves were executed pursuant to SEBI Exemption Orders dated July 3, 2026 (reference numbers WTM/KCV/CFD/03/2026-27 and WTM/KCV/CFD/04/2026-27), which waived certain disclosure requirements for these specific inter-promoter group transfers. The formal disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was filed on August 19, 2026.

Vadilal Industries Limited Acquisition

In VIL, Mr. Gandhi acquired 1,07,931 shares (1.50%) directly from Mrs. Ila V Gandhi by way of gift. Additionally, he acquired 2,977 shares (0.04%) that were previously held jointly with Mrs. Gandhi, thereby converting the joint holding into a direct individual holding.

Mr. Gandhi’s total shareholding in VIL increased from 2.17% to 3.71%. The aggregate promoter group shareholding remained unchanged at 61.02%, with the public holding steady at 35.27%. The total equity share capital of VIL stands at 71,87,830 equity shares of ₹10 each, aggregating to ₹7,18,78,300.

Vadilal Enterprises Limited Acquisition

The restructuring in VEL involved multiple related-party transfers. Mr. Gandhi acquired 8,957 shares (1.04%) from Mrs. Ila V Gandhi and 10,613 shares (1.23%) from Mr. Janmajay Virendrabhai Gandhi, both by way of gift. Furthermore, he absorbed shares held jointly with both individuals: 2,912 shares (0.34%) held jointly with Mrs. Gandhi and 50 shares (0.006%) held jointly with Mr. Janmajay Gandhi.

Following these transactions, Mr. Gandhi’s stake in VEL rose from 8.13% to 10.75%. The overall promoter group holding in VEL remained constant at 40.28%, while the public holding stayed at 48.97%. The total equity share capital of VEL is 8,62,668 equity shares of ₹10 each, aggregating to ₹86,26,680.

What the Numbers Show

The transactions represent a significant consolidation of ownership within the promoter group rather than a change in control or dilution of public interest. By absorbing jointly held shares and accepting gifts from immediate family members, Virendrabhai Ramchandra Gandhi has streamlined the shareholding structure, increasing his individual voting power in both entities without altering the aggregate promoter group percentage. This simplification may reduce administrative complexity in future corporate actions or disclosures involving joint holdings.

Vadilal Industries has fixed Thursday, September 3, 2026, as the record date for the purpose of determining the entitlement of members to receive the final dividend for the financial year 2025-26.

The company disclosed that shareholders whose names appear in the books as beneficial owners as at the close of business hours on the record date will be eligible for the payout. This intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Transfer Book Closure

To facilitate the dividend process, the register of members and share transfer books of Vadilal Industries will remain closed from September 4, 2026, to September 10, 2026, both days inclusive.

The disclosure was signed by Rashmi Bhatt, Company Secretary and Compliance Officer, on August 18, 2026.