Meyer Apparel Limited has announced a significant inter-se transfer of equity shares among its promoter group members under the provisions of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011. The transaction involves the transfer of 88.89 lakh equity shares from TIL Investments Private Limited to promoter group member Gurmukh Singh Thakral.

Transaction Details

The proposed acquisition encompasses substantial changes in individual shareholding patterns within the promoter group structure:

Shareholding Pattern Changes

The transaction will result in significant changes to individual shareholding within the promoter group:

Regulatory Compliance

The transaction falls under the exemption provided by Regulation 10(1)(a)(ii) of SEBI (SAST) Regulations 2011, which covers inter-se transfers of shares among promoters and promoter group members. Key compliance aspects include:

• The aggregate holding of the promoter and promoter group remains unchanged before and after the transaction
• All conditions specified under Regulation 10(1)(a) regarding exemptions have been duly complied with
• The transferor and transferee will comply with applicable disclosure requirements under Chapter V of the Takeover Regulations
• The acquisition price will not exceed 25% of the computed price as per regulatory guidelines

Price Determination

Since Meyer Apparel Limited's shares are classified as infrequently traded, the acquisition price of ₹2.21 per equity share has been determined in accordance with clause (e) of sub-regulation (2) of regulation 8 of the SEBI (SAST) Regulations. The acquirer has declared that the acquisition price will not be higher by more than 25% of the computed price as per applicable regulations.

Corporate Structure Impact

This inter-se transfer represents a reorganization within the promoter group structure, with Gurmukh Singh Thakral significantly increasing his direct shareholding from 1.80% to 12.84% of the company's paid-up equity capital. The transaction maintains the overall promoter group control while consolidating shareholding under individual promoter group members rather than corporate entities.

Meyer Apparel Limited, a company listed on the Bombay Stock Exchange (BSE: 531613), has announced the appointment of Mr. Neeraj as its new Company Secretary and Compliance Officer. The appointment, effective from November 6, 2025, was approved by the company's board of directors.

Key Details of the Appointment

Professional Background

Mr. Neeraj brings experience to his new role at Meyer Apparel Limited. He is a qualified Company Secretary with expertise in various areas crucial to corporate governance and regulatory compliance. His areas of specialization include:

• Company law
• SEBI Regulations
• Foreign Exchange Management Act (FEMA)

Regulatory Compliance

The appointment of Mr. Neeraj aligns with the regulatory requirements set forth by:

1. Section 203 of the Companies Act, 2013
2. Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015

Mr. Neeraj provided his consent to act as the Company Secretary and Compliance Officer on September 29, 2025, as required by the relevant regulations.

Company's Statement

Meyer Apparel Limited has informed the BSE about this appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also submitted the necessary details as mandated by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

This appointment is expected to strengthen Meyer Apparel Limited's corporate governance structure and ensure continued compliance with regulatory requirements.