Poona Dal & Oil Industries Limited has announced an inter-se transfer of equity shares among its promoter group members in compliance with SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The transaction involves the transfer of shares between related promoter entities as part of a family arrangement.

Transaction Details

The share transfer transaction was executed on February 18, 2026, involving the acquisition of equity shares by Sunil Deepchand Parakh from Sunil Deepchand Parakh HUF. Both parties belong to the promoter category of the company, making this an inter-se transfer among promoters.

Shareholding Changes

The transaction resulted in significant changes to the shareholding pattern of both promoter entities. Sunil Deepchand Parakh's shareholding increased substantially from 5.02% to 10.65%, while Sunil Deepchand Parakh HUF completely divested its holdings in the company.

Regulatory Compliance

The transaction was conducted under the exemption provided in Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of SEBI SAST Regulations, 2011, which allows inter-se transfers among promoters without triggering the requirement for an open offer. The company had filed the necessary disclosure under Regulation 10(5) on February 4, 2026, prior to the actual acquisition date.

The transfer was executed as part of a family arrangement among promoters, with the price determination being based on the inter-se transfer arrangement rather than market valuation. The company's equity share capital remains unchanged at 5,708,000 shares following this internal reorganization among promoter entities.

Stock Exchange Disclosure

Poona Dal & Oil Industries Limited, which trades on BSE Limited under scrip code 519359, has submitted all required disclosures to the stock exchange in accordance with SEBI regulations. The company's Managing Director, Sujit Deepchand Parakh (DIN: 00067011), signed the disclosure documents on behalf of the company, ensuring full regulatory compliance for this promoter group transaction.

Poonam Dal and Oil Industries Limited has filed a disclosure under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations 2011, detailing a significant share transfer between promoter entities. The transaction involves the acquisition of 321,110 shares by promoter Sunil Deepchand Parakh from Sunil D Parakh HUF, scheduled for execution on February 6, 2026.

Transaction Details

The proposed acquisition represents 5.63% of the company's total share capital and is structured as an inter-se promoter transfer at zero consideration. The transaction falls under the exemption provisions of Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of SEBI SAST Regulations 2011, thereby not requiring an open offer to public shareholders.

Shareholding Pattern Changes

The transaction will result in a significant shift in the promoter shareholding structure. Sunil Deepchand Parakh's stake will increase substantially from 5.02% to 10.65%, while the HUF entity will completely exit its shareholding position.

Regulatory Compliance and Timeline

The company has submitted the requisite disclosure at least four working days prior to the proposed execution date, as mandated by regulatory requirements. The volume weighted average market price for 60 trading days preceding the disclosure date stands at Rs. 64.48. The acquirer has declared compliance with all applicable disclosure requirements under Chapter V of the Takeover Regulations 2011.

Rationale and Exemptions

The transaction is classified as an inter-se promoter transfer, which involves reorganization of shareholding within the promoter group without any change in overall promoter control. The aggregate shareholding of the Promoter and Promoter Group in the company shall remain unchanged before and after the proposed inter-se transfer. Such transfers are exempt from mandatory open offer requirements under SEBI regulations, provided they meet specified conditions including maintenance of minimum public shareholding and compliance with disclosure norms.