News Orders & Deals InfoBeans Technologies: Promoter Siddharth Sethi Transfers 81,000 Shares via Gift DonationInfoBeans Technologies: Promoter Siddharth Sethi Transfers 81,000 Shares via Gift Donation
InfoBeans Technologies Ltd disclosed a share transfer by promoter Siddharth Sethi involving 81,000 equity shares (0.33% stake) through gift donation on February 26, 2026. This transaction reduced Sethi's shareholding from 24.8% to 24.47%, while the company's total equity capital of 2,42,39,860 shares remains unchanged. The disclosure was made under SEBI Takeover Regulations for the NSE and BSE-listed company.
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InfoBeans Technologies Ltd has filed a substantial acquisition disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, involving promoter Siddharth Sethi. The disclosure pertains to a share transfer executed through gift donation without any monetary consideration.
Transaction Details
The transaction involved the transfer of 81,000 equity shares representing 0.33% of the company's total share capital. The transfer was completed on February 26, 2026, through gift donation without consideration, as disclosed in the regulatory filing.
| Transaction Parameter: | Details |
|---|---|
| Shares Transferred: | 81,000 |
| Percentage of Total Capital: | 0.33% |
| Mode of Transfer: | Gift donation without consideration |
| Transaction Date: | February 26, 2026 |
| Donor: | Siddharth Sethi (Promoter) |
Shareholding Changes
Prior to this transaction, Siddharth Sethi held 6,012,376 shares, representing 24.8% of InfoBeans Technologies' total voting capital. Following the gift donation, his shareholding has been reduced to 5,931,376 shares, constituting 24.47% of the company's total share capital.
| Shareholding Details: | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Number of Shares: | 6,012,376 | 5,931,376 | -81,000 |
| Percentage Holding: | 24.8% | 24.47% | -0.33% |
| Voting Rights: | 24.8% | 24.47% | -0.33% |
Company Capital Structure
InfoBeans Technologies' equity share capital remains unchanged following this transaction. The company maintains its total equity base of 2,42,39,860 equity shares with a face value of Rs. 10 each. The company's shares are listed on both the National Stock Exchange of India Ltd and BSE Ltd.
| Capital Structure: | Details |
|---|---|
| Total Equity Shares: | 2,42,39,860 |
| Face Value per Share: | Rs. 10 |
| Listing Exchanges: | NSE and BSE |
| Diluted Share Capital: | 2,42,39,860 shares |
Regulatory Compliance
The disclosure confirms that Siddharth Sethi belongs to the promoter group of InfoBeans Technologies. The transaction did not involve any encumbrances, pledges, or liens, and no voting rights were acquired through instruments other than equity shares. The filing also indicates that no warrants, convertible securities, or other instruments entitling voting rights were involved in this transaction.
Historical Stock Returns for InfoBeans Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -74.21% | -76.25% | -74.95% | -67.32% | -34.89% | +35.82% |
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