Neelkanth Limited has filed a comprehensive disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for a proposed promoter share transfer involving 6,76,491 equity shares through a gift transaction between family members. The detailed regulatory filing provides complete documentation of the inter-se transfer scheduled for February 23, 2026.

Transaction Overview

The proposed acquisition involves Rashmi C Bhimjyani acquiring 6,76,491 equity shares from Bhavik Rashmi Bhimjyani through a gift transaction. This represents 15.52% of the company's total paid-up share capital and constitutes an inter-se transfer among immediate relatives, qualifying for exemption under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011.

SEBI Regulatory Compliance

The transaction has been disclosed under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with Rashmi C Bhimjyani submitting the requisite disclosure as a promoter of the company. The filing confirms compliance with all applicable disclosure requirements under Chapter V of the Takeover Regulations and declares that all conditions specified under Regulation 10(1)(a) regarding exemptions have been duly met.

Shareholding Structure Impact

The inter-se transfer will significantly alter the shareholding pattern within the promoter group while maintaining the overall promoter holding percentage. The transaction represents a redistribution of shares among family members rather than any change in promoter control.

Historical Compliance Record

The disclosure documentation includes references to previous SEBI compliance filings, with Bhavik R Bhimjyani having submitted annual declarations under Regulation 31(4) of SEBI (SAST) Regulations for financial years 2023-24 and 2024-25, confirming no encumbrance or pledging of company shares during these periods.

Company Information

Neelkanth Limited, formerly known as R T Exports Limited, is listed on BSE with scrip code 512565. The company's registered office is located at 508, Dalamal House, Jamnalal Bajaj Marg, Nariman Point, Mumbai. The comprehensive disclosure includes digital signatures from all involved promoters and complete regulatory documentation ensuring full compliance with SEBI requirements.

Neelkanth Rock-Minerals Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing a notable improvement in quarterly performance. The Board of Directors approved these results at their meeting held on February 14, 2026, in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.

Quarterly Financial Performance

The company demonstrated a strong quarterly turnaround, moving from losses to profitability in Q3FY26. The financial performance reflects the company's operational dynamics in the granite and other materials segment.

Revenue and Income Analysis

The company reported no revenue from operations during the quarter, with total income of ₹10.36 lakhs coming entirely from other income sources. This compares to zero total income in the corresponding quarter of the previous year. The preceding quarter (Q2FY26) had shown total income of ₹0.29 lakhs.

Expense Structure

Total expenses for Q3FY26 stood at ₹4.40 lakhs, comprising primarily employee benefits expense of ₹0.99 lakhs and other expenses of ₹3.41 lakhs. The company maintained a lean cost structure with no finance costs or depreciation expenses during the quarter.

Year-to-Date Performance

Despite the positive quarterly performance, the year-to-date figures show mixed results:

Corporate Governance and Compliance

The financial results were reviewed by the audit committee and approved by the Board of Directors. The company's auditors, Shambhu Gupta & Co., conducted a limited review of the results. The company operates with a single business segment of "Granite and other materials" and maintains a paid-up equity share capital of ₹504.37 lakhs with a face value of ₹10.00 per share.

Key Highlights

• Quarterly profit of ₹5.00 lakhs marks a significant improvement from previous year's loss
• Year-to-date loss reduced substantially from ₹17.46 lakhs to ₹0.86 lakhs
• Company maintains debt-free operations with no finance costs
• Results prepared in accordance with Indian Accounting Standards (IND-AS)

The results demonstrate the company's ability to achieve quarterly profitability while continuing to improve its overall financial position compared to the previous year.