Solitaire Machine Tools Limited has disclosed an inter-se transfer of equity shares between its promoters, complying with SEBI regulations under the Prohibition of Insider Trading framework. The transaction represents a significant internal restructuring of promoter holdings within the company's ownership structure, as detailed in the official disclosure filed on January 1, 2026.

Transaction Details

The share transfer involves specific parameters that highlight the scope and nature of the transaction:

Regulatory Compliance Framework

The company has fulfilled its disclosure obligations under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. This regulation mandates timely disclosure of share transactions by designated persons, including promoters, to ensure market transparency. The disclosure was filed on January 1, 2026, demonstrating adherence to regulatory timelines and compliance requirements.

The transaction was executed through Form C disclosure mechanism, which is specifically designed for reporting share transfers by promoters and other designated persons under the insider trading regulations. The official communication was digitally signed by Company Secretary Reshma Kiri, ensuring proper authentication and corporate governance protocols.

Corporate Structure Impact

The inter-se transfer represents an internal reorganization among the promoter group without affecting the overall promoter shareholding in Solitaire Machine Tools Limited. Such transactions typically occur for estate planning, family arrangements, or strategic restructuring purposes within promoter families. The off-market nature of the transaction indicates it was conducted outside the regular trading mechanism of stock exchanges.

Company Information

Solitaire Machine Tools Limited operates with CIN number L28932GJ1967PLC143293 and maintains its registered office and Plant II at A-24/25, Krishna Industrial Estate, Near B.I.D.C., Gorwa, Vadodara, Gujarat. The company also operates Plant I at 292, Dharamsinh Desai Marg, Chhani Road, Vadodara, Gujarat, demonstrating its established manufacturing presence in the region.

Solitaire Machine Tools Limited has announced the appointment of Ms. Reshma Kiri as Company Secretary and Compliance Officer, effective December 11, 2025. The appointment was communicated to BSE Limited on December 23, 2025, in compliance with regulatory disclosure requirements.

Appointment Details and Professional Background

Ms. Reshma Kiri has been designated as Company Secretary and Compliance Officer, marking her entry into the key managerial personnel of the organization. The company has provided comprehensive details about her professional credentials and the nature of her appointment.

Professional Credentials and Experience

Ms. Reshma Kiri brings valuable expertise to her new role as an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A54902. She possesses three years of specialized experience in secretarial and compliance departments, providing her with the necessary background to handle the responsibilities of her new position. Additionally, she holds a Bachelor of Commerce (B.Com) degree, further strengthening her academic foundation for the role.

Regulatory Compliance and Disclosure

The appointment has been made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Solitaire Machine Tools Limited has fulfilled its disclosure obligations by formally notifying BSE Limited about this key managerial appointment. The communication was made under the company's scrip code 522152 and scrip name SOLIMAC, ensuring proper identification and record-keeping by the stock exchange.

Corporate Governance Framework

As Company Secretary and Compliance Officer, Ms. Reshma Kiri will be responsible for ensuring the company's adherence to regulatory requirements and maintaining high standards of corporate governance. Her appointment reflects Solitaire Machine Tools Limited's commitment to strengthening its compliance framework and ensuring transparent operations in line with regulatory expectations.