Emami Limited's promoter group has completed an inter se transfer of equity shares, involving the redistribution of 21,58,936 shares among family members. The transaction, executed on 26.02.2026, represents 0.4946% of the company's diluted share capital and was conducted without any monetary consideration.

Transaction Details

The share transfer was completed through off-market transactions by way of gift among promoter and promoter group members. The transaction involved multiple family members of the Goenka family and was executed under the regulatory exemption framework.

Regulatory Framework and Compliance

The transaction was conducted under Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation provides exemption from making an open offer for inter se transfers among promoter group members. Ashish Goenka, acting on behalf of the promoter and promoter group, submitted the disclosure under Regulation 29(2) to both NSE and BSE on 27.02.2026.

Share Distribution Among Transferors

Four promoter group members transferred their holdings to other family members:

Post-Transaction Shareholding Changes

The transfer resulted in significant changes in individual shareholdings within the promoter group. Priti A Sureka emerged as the largest beneficiary, with her shareholding increasing from 1,51,04,702 shares (3.46%) to 1,65,04,702 shares (3.78%). Raj Kumar Goenka's holding increased substantially from 6,68,364 shares (0.15%) to 11,95,247 shares (0.27%).

Overall Promoter Holdings

The inter se transfer maintains the overall promoter group holding at 2,39,39,34,12 shares, representing 54.8439% of the company's total share capital. The equity share capital of Emami Limited remains unchanged at Rs. 43,65,00,000. The transaction maintains compliance with SEBI regulations while facilitating the redistribution of shareholding within the promoter group without affecting the overall promoter holding in Emami Limited.

Emami Limited's promoter group has announced a proposed inter-se transfer of equity shares among promoter entities, scheduled to be executed on or after February 26, 2026. The disclosure was made under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the announcement submitted to stock exchanges on February 17, 2026.

Proposed Transfer Details

The inter-se transfer involves multiple promoter entities as acquirers and transferors, with the transaction being conducted through off-market transfers by way of gift without any consideration. The aggregate shareholding of the promoter and promoter group will remain unchanged before and after the proposed transfer.

Transferor and Acquirer Details

The proposed transfer involves four transferor entities and ten acquirer entities within the promoter group. The largest individual transfer involves Ms. Avishi Sureka transferring 14,00,000 shares, while the smallest involves Sri Radhe Shyam Goenka transferring 12,000 shares.

Share Transfer Breakdown

Current Shareholding Structure

The disclosure reveals the comprehensive shareholding pattern of the promoter group before and after the proposed transaction. Diwakar Finvest Private Limited and Suraj Finvest Private Limited remain the largest promoter entities with substantial holdings.

Major Promoter Holdings

Regulatory Compliance

The proposed transaction is being undertaken under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, which provides exemption from open offer obligations for inter-se transfers among qualifying promoter entities. The promoter group has maintained compliance with disclosure requirements under Chapter V of the takeover regulations for the past three years, as evidenced by the comprehensive compliance history provided in the disclosure.

Market Impact and Rationale

The inter-se transfer represents a restructuring within the promoter group without affecting the overall promoter shareholding percentage. The transaction is structured as gifts without consideration, indicating family succession or estate planning activities within the promoter group. The 60-day volume weighted average market price of ₹512.96 per share provides the regulatory reference point for the transaction.