Ajay Mansukhlal Patel to Acquire 7,15,345 Equity Shares in Tatva Chintan Pharma Chem Through HUF Dissolution
Ajay Mansukhlal Patel, promoter of Tatva Chintan Pharma Chem Limited, will acquire 7,15,345 equity shares (3.06% stake) through HUF dissolution on or after February 6, 2026. The inter-se transfer involves no monetary consideration and is part of family succession planning. Post-transaction, his shareholding will increase from 17.10% to 20.16%, while total promoter group holding will rise from 20.95% to 24.01%. The transaction complies with SEBI Takeover Regulations 10(1)(a)(ii) and is exempt from open offer requirements.

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Ajay Mansukhlal Patel, a promoter of Tatva Chintan Pharma Chem Limited, has filed a disclosure under SEBI Takeover Regulations announcing his proposed acquisition of 7,15,345 equity shares in the company. The transaction is scheduled to take place on or after February 6, 2026, through an inter-se off-market transfer of shares.
Transaction Details
The proposed acquisition involves the transfer of shares from Ajay Mansukhlal Patel (HUF) to Mr. Ajay Mansukhlal Patel as part of the dissolution and full partition of the Hindu Undivided Family (HUF). The transaction represents 3.06% of the company's total share capital and involves no monetary consideration.
| Parameter | Details |
|---|---|
| Shares to be Acquired | 7,15,345 equity shares |
| Percentage of Share Capital | 3.06% |
| Transaction Date | On or after February 6, 2026 |
| Transfer Method | Inter-se off-market transfer |
| Consideration | NIL (HUF dissolution) |
Regulatory Compliance
The transaction falls under Regulation 10(1)(a)(ii) of the SEBI Takeover Regulations, which provides exemption from making an open offer. The acquirer has declared compliance with all applicable disclosure requirements under Chapter V of the SEBI Takeover Regulations and confirmed that all conditions specified under Regulation 10(1)(a) have been duly met.
Shareholding Impact
The proposed transaction will significantly alter the shareholding pattern of the promoter group. Ajay Mansukhlal Patel's individual holding will increase from 40,00,000 shares (17.10%) to 47,15,345 shares (20.16%). The overall promoter group shareholding, including Persons Acting in Concert (PACs), will rise from 49,00,000 shares (20.95%) to 56,15,345 shares (24.01%).
| Shareholder | Before Transaction | After Transaction | ||
|---|---|---|---|---|
| Shares | % | Shares | % | |
| Ajay Mansukhlal Patel | 40,00,000 | 17.10% | 47,15,345 | 20.16% |
| Priti Ajay Patel (PAC) | 9,00,000 | 3.85% | 9,00,000 | 3.85% |
| Ajay Mansukhlal Patel (HUF) | 7,15,345 | 3.06% | NIL | 0.00% |
| Total Promoter Group | 49,00,000 | 20.95% | 56,15,345 | 24.01% |
Rationale and Background
The proposed acquisition is being undertaken as part of a family arrangement for succession planning and rationalization of family assets and business holdings. The dissolution and partition of the HUF represents a strategic move to streamline ownership structures within the promoter group. Since the transaction involves distribution of assets upon HUF dissolution, no market price considerations apply, and the transfer is exempt from volume-weighted average price calculations typically required under SEBI regulations.
The disclosure was submitted to BSE Limited (Scrip Code: 543321), National Stock Exchange of India Limited (Symbol: TATVA), and the company's compliance officer on January 29, 2026, ensuring full regulatory transparency and adherence to prescribed timelines.
Historical Stock Returns for Tatva Chintan Pharma
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.42% | -1.41% | -12.11% | +16.14% | +75.02% | -47.52% |


































