Mahasagar Travels Limited has disclosed a substantial acquisition of shares by its promoter under SEBI regulations. The company filed the disclosure on March 02, 2026, regarding a transaction that took place on February 27, 2026.

Transaction Details

Promoter Bhagchand Gordhandas Sukhwani acquired 78,500 equity shares of the company through an off-market transaction. The acquisition was structured as an inter-se transfer among promoter and promoter group members.

Shareholding Changes

The transaction resulted in a notable increase in the promoter's individual shareholding in the company. His stake moved from 8.49% to 9.48% following the acquisition.

Company Capital Structure

Mahasagar Travels Limited maintains a stable equity capital structure with no changes resulting from this transaction. The company's total equity share capital remains at Rs 7,86,35,000, divided into 78,63,500 equity shares of Rs 10 each.

Promoter Group Holdings

Despite the individual promoter's increased stake, the overall promoter and promoter group shareholding remained unchanged at 31.29%. This indicates the transaction was purely an internal restructuring among promoter group members.

The disclosure was filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with Company Secretary Chirag Sangatani handling the regulatory filing process.

Mahasagar travels Limited has announced an inter se transfer of shares among its promoter group members, as disclosed to BSE Limited on February 21, 2026. The transaction involves the internal restructuring of shareholding between promoter and promoter group entities under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The proposed share transfer encompasses specific parameters that demonstrate the internal nature of this corporate restructuring:

Regulatory Compliance

The transaction falls within the exemption framework established by SEBI regulations. Specifically, it qualifies under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as the acquirer has been a promoter of the company for not less than three years prior to the proposed acquisition.

Key compliance aspects include:

• The transfer occurs between promoter and promoter group members
• No open offer requirement due to exemption provisions
• Aggregate promoter group shareholding remains unchanged
• All disclosure requirements under Chapter V have been fulfilled

Shareholding Impact

The inter se transfer will result in specific changes to individual shareholding patterns while maintaining overall promoter group control:

Corporate Structure

Mahasagar Travels Limited, incorporated in 1993 with CIN L63040GJ1993PLC020289, operates from its registered office at Jayshree Talkies Road, Kalwa Chowk, Junagadh, Gujarat. The company maintains its listing on BSE Limited under scrip code 526795 and scrip ID MHSGRMS.

The transaction represents a strategic internal reorganization that consolidates shareholding within the promoter group while ensuring compliance with all applicable regulatory frameworks and disclosure requirements.