Rashi Peripherals: Promoter Group Member Transfers 2.4% Stake to Family Trust
Manju Suresh Pansari, a promoter group member of Rashi Peripherals Limited, transferred 15,81,592 shares (2.40% of total voting capital) to the Kapal Pansari Family Trust as an off-market gift. This reduced Manju's stake from 8.07% to 5.67%, while increasing the Trust's holding from 0.36% to 2.76%. The company, with an equity share capital of Rs. 32.95 crore, has complied with SEBI regulations in disclosing this transaction.

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Rashi Peripherals Limited , a prominent player in the Indian technology distribution landscape, has witnessed a significant change in its shareholding pattern. Manju Suresh Pansari, a member of the company's promoter group, executed an inter-se transfer of shares to the Kapal Pansari Family Trust.
Transaction Details
The transfer involved 15,81,592 shares, representing 2.40% of the total voting capital of Rashi Peripherals Limited. This transaction was carried out as an off-market gift transfer, as disclosed in the company's latest filing under SEBI regulations.
Impact on Shareholding
Following the transfer, the shareholding structure of the involved parties has changed as follows:
Shareholder | Pre-Transfer Holding | Shares Transferred | Post-Transfer Holding |
---|---|---|---|
Manju Suresh Pansari | 53,15,539 (8.07%) | 15,81,592 (2.40%) | 37,33,947 (5.67%) |
Kapal Pansari Family Trust | 2,40,000 (0.36%) | 15,81,592 (2.40%) | 18,21,592 (2.76%) |
As a result of this transaction, Manju Suresh Pansari's shareholding in Rashi Peripherals Limited has decreased from 8.07% to 5.67%. Conversely, the Kapal Pansari Family Trust has seen an increase in its stake from 0.36% to 2.76%.
Company Overview
Rashi Peripherals Limited has an equity share capital of Rs. 32.95 crore. This capital is divided into 6.59 crore equity shares, each with a face value of Rs. 5.
Regulatory Compliance
The company has duly informed the stock exchanges about this transaction, adhering to the disclosure requirements under Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Both the transferor (Manju Suresh Pansari) and the transferee (Kapal Pansari Family Trust) have filed the necessary disclosures with the relevant authorities.
This inter-se transfer within the promoter group is seen as a strategic move, potentially aimed at consolidating family holdings or for succession planning purposes. However, it's important to note that such transfers do not change the overall promoter group holding in the company.
Investors and market watchers will be keen to observe any further developments or changes in the shareholding pattern of Rashi Peripherals Limited, as such movements can sometimes signal shifts in the company's strategic direction or governance structure.
Historical Stock Returns for Rashi Peripherals
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+4.54% | +5.17% | +11.18% | +17.12% | -24.12% | -2.24% |