Varun Manojkumar Jain, a Promoter of VMS TMT Limited, disposed of 2.66% of the company's paid-up share capital through an off-market inter-se transfer. The transaction involved the sale of 13,22,154 equity shares to Sunny Sunil Singhi, another member of the promoter group, on June 22, 2026. This disclosure was submitted to the stock exchanges in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to the disposal, Jain held 85,00,000 equity shares, representing 17.13% of the paid-up share capital. Following the sale, his holding has reduced to 71,77,846 shares, which constitutes 14.46% of the share capital. The equity shares of VMS TMT Limited are listed on the National Stock Exchange of India Limited (NSE) and BSE Limited.

The total equity share capital of the company remains unchanged at ₹49,63,12,100, divided into 4,96,31,210 equity shares of ₹10 each. The total diluted share capital also stands at ₹49,63,12,100. The acquirer has confirmed that there are no shares encumbered or any other instruments entitling the acquirer to additional voting rights.

Shareholding Details

The following table outlines the changes in Jain's shareholding as a result of the disposal:

Promoter Rishabh Sunil Singhi will increase his shareholding in VMS TMT Limited by acquiring 13,22,164 equity shares through an inter-se transfer. The acquisition, representing 2.66% of the company's share capital, is scheduled to take place on or after June 17, 2026. The shares are being transferred from Varun Manojkumar Jain, another promoter of the company, at a price of ₹45 per share.

The transaction is being undertaken pursuant to Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation provides a general exemption for inter-se transfers amongst promoters or the promoter group, thereby waiving the requirement for a mandatory open offer. The acquirer has confirmed compliance with all conditions specified under the relevant regulation.

The acquisition price of ₹45 per share is not higher than 25% of the volume weighted average market price (VWAP). The VWAP for the 60 trading days preceding the notice was approximately ₹44.19 on the National Stock Exchange of India Limited, where the maximum volume of trading in the company's shares was recorded.

Following the proposed transaction, the shareholding structure of the promoters will undergo a reallocation. Rishabh Sunil Singhi's individual holding will increase from 24.21% to 26.87%, while the holding of Varun Manojkumar Jain will decrease from 17.13% to 14.46%. The total shareholding of the acquirer and persons acting in concert (PACs), excluding the sellers, will rise from 50.06% to 52.72%.

Shareholding Details

The equity shares proposed to be transferred are subject to lock-in under applicable SEBI regulations. The transferee will hold the shares subject to the residual lock-in period. The acquisition is expected to be completed not earlier than four working days from the date of the intimation.