Paramount Park Limited has announced a significant inter-se transfer involving the acquisition of 62,29,200 equity shares in Thakral Services (India) Limited, representing 53.08% of the company's paid-up equity capital. The transaction, disclosed under SEBI SAST Regulation 10(5), involves an off-market transfer between promoter group entities.

Transaction Details

The acquisition involves shares from two existing promoter entities at a uniform price of INR 13.80 per share. The transaction is structured as an inter-se transfer among promoter group members, qualifying for exemption under SEBI regulations.

Share Transfer Breakdown

The acquisition comprises shares from two promoter group entities with different contribution levels:

Shareholding Changes

The transaction will result in a substantial change in Paramount Park's direct shareholding while maintaining the overall promoter group structure:

Regulatory Compliance

The transaction falls under the exemption provided by Regulation 10(1)(a)(ii) of SEBI SAST Regulations 2011, as it constitutes an inter-se transfer among promoter group members. Paramount Park Limited has declared compliance with all applicable disclosure requirements under Chapter V of the Takeover Regulations 2011.

Gurmukh Singh Thakral, Director of Paramount Park Limited, signed the disclosure documents on February 6, 2026, confirming that the aggregate holding of the promoter and promoter group remains unchanged despite the internal restructuring. The company has submitted the requisite disclosure to BSE Limited for Thakral Services (India) Limited, which trades under scrip code 509015.

Thakral Services (India) Limited , a company facing significant financial hurdles, has released its unaudited financial results for the quarter and half-year ended September 30, 2025. The report reveals a concerning financial position, with accumulated losses and a negative net worth, raising questions about the company's future operations.

Financial Performance

The company's financial results paint a challenging picture:

Operational Challenges

Thakral Services is grappling with several operational issues:

1. EPFO Recovery Order: The company faces an EPFO recovery order of Rs. 60.36 lakhs. It has obtained an interim stay from the Karnataka High Court by depositing Rs. 10 lakhs in October 2023.

2. Business Transfer: The company's current business operations were transferred to Thakral Innovation Private Limited effective from October 1, 2023.

3. Going Concern Issues: Despite the negative net worth and accumulated losses, management maintains a going concern assumption based on expected future business prospects.

Auditor's Observations

The company's auditors, K.S. Rao & Co., have issued a qualified review report, highlighting several concerns:

1. EPFO Liability: The auditors are unable to comment on potential adjustments required due to the EPFO recovery order.

2. Interest-free Loans: The company has not accounted for any Ind AS 109 adjustments related to the interest-free loans, as required by accounting standards.

3. Material Uncertainty: The auditors note that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

Management's Stance

Despite these challenges, the company's management remains optimistic:

1. They believe that future new business prospects will improve the company's operations.
2. Support letters have been obtained from shareholders and lenders to support operations and meet liabilities as needed.

Regulatory Compliance

The company has informed the BSE that it is not required to submit disclosures for related party transactions for the half-year ended September 30, 2025, as it does not meet the applicability criteria under SEBI regulations.

While Thakral Services faces significant financial and operational challenges, the management's efforts to secure support and explore new business opportunities will be crucial in determining the company's future trajectory. Investors and stakeholders should closely monitor the company's progress in addressing these issues and implementing its turnaround strategy.