Meyer Apparel Limited: Promoter Completes 11.04% Inter-se Share Transfer
Meyer Apparel Limited executed a significant inter-se share transfer involving 88,89,000 equity shares (11.04% voting rights) from TIL Investments Private Limited to promoter Gurmukh Singh Thakral at Rs. 2.21 per share, valued at Rs. 1,96,44,690. The transaction increased Thakral's shareholding from 1.80% to 12.84% while maintaining overall promoter group holding at 74.32%, with comprehensive regulatory compliance documentation submitted to BSE Limited.
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Meyer Apparel Limited has completed a significant inter-se transfer of equity shares between its promoter entities, with comprehensive regulatory disclosures submitted to BSE Limited. The transaction involves the acquisition of 88,89,000 equity shares by promoter Gurmukh Singh Thakral from TIL Investments Private Limited, a member of the promoter group.
Transaction Overview
The off-market inter-se transfer was executed on January 29, 2026, with formal regulatory disclosures submitted on January 30, 2026. The transaction was conducted at Rs. 2.21 per equity share, representing a total value of Rs. 1,96,44,690.
| Transaction Parameter: | Details |
|---|---|
| Acquirer: | Gurmukh Singh Thakral (Promoter) |
| Seller: | TIL Investments Private Limited (Promoter Group) |
| Shares Transferred: | 88,89,000 equity shares |
| Voting Rights: | 11.04% |
| Transaction Date: | January 29, 2026 |
| Price Per Share: | Rs. 2.21 |
| Total Value: | Rs. 1,96,44,690 |
| Mode: | Off-market Inter-se Transfer |
Shareholding Pattern Changes
The transaction resulted in a significant redistribution of shares within the promoter group. Gurmukh Singh Thakral's individual shareholding increased substantially from 1.80% to 12.84%, while TIL Investments Private Limited completely divested its stake.
| Shareholder: | Pre-Transaction Shares | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|---|
| Gurmukh Singh Thakral: | 14,50,000 | 1.80% | 1,03,39,000 | 12.84% |
| TIL Investments Pvt. Ltd.: | 88,89,000 | 11.04% | 0 | 0.00% |
| Total Promoter Group: | 5,98,22,100 | 74.32% | 5,98,22,100 | 74.32% |
Regulatory Compliance and Documentation
Meyer Apparel Limited submitted comprehensive disclosures pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The company's compliance officer, Anjali Tiwari, formally communicated the transaction details to BSE Limited through proper regulatory channels.
| Regulatory Aspect: | Details |
|---|---|
| Primary Regulation: | SEBI PIT Regulations 7(2) |
| SAST Exemption: | Regulation 10(1)(a)(ii) |
| Stock Exchange: | BSE Limited |
| BSE Scrip Code: | 531613 |
| ISIN: | INE100C01024 |
| Disclosure Date: | January 30, 2026 |
Stakeholder Information
Both parties submitted individual Form C disclosures as required under SEBI regulations. Gurmukh Singh Thakral, based in Singapore, acquired the shares as a promoter entity, while TIL Investments Private Limited, incorporated in Delhi with CIN U67100DL1986PTC357768, completed the divestment through its director Kanwaljeet Singh Bawa.
| Entity Details: | Acquirer | Seller |
|---|---|---|
| Name: | Gurmukh Singh Thakral | TIL Investments Private Limited |
| PAN: | AFCTP9904K | AABCT4024F |
| Location: | Singapore | Delhi, India |
| Authorized Signatory: | Self | Kanwaljeet Singh Bawa (Director) |
| DIN: | - | 00234162 |
The transaction represents an internal restructuring within the promoter group without affecting the overall control structure or total promoter holding of 74.32% in Meyer Apparel Limited. The company's equity share capital of 8,04,97,800 equity shares of INR 3 each remained unchanged following this inter-se transfer.
