REDTAPE Limited promoter Rashid Ahmed Mirza has successfully completed the acquisition of a significant stake in the company through an inter-se transfer from his wife. The transaction, executed on December 22, 2025, involved the transfer of 12,44,89,980 equity shares representing 22.52% of the company's voting rights through a gift transfer at no consideration.

Transaction Details and Regulatory Compliance

The acquisition was completed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rashid Ahmed Mirza acquired the shares from his wife Yasmin Mirza, who was a member of the promoter and promoter group. The transaction qualifies as an off-market transfer executed as a gift motivated by natural love and affection.

Updated Shareholding Pattern

Following the completion of the transaction, there has been a significant redistribution of shares within the promoter family. The disclosure filed on December 23, 2025, reveals the updated shareholding structure with Rashid Ahmed Mirza's individual holding increasing substantially.

Company Capital Structure

The transaction did not alter the company's overall equity share capital, which remains at 55,28,07,600 equity shares of Rs. 2.00 each. The total promoter and promoter group shareholding stands at 39,68,70,564 equity shares, representing 71.79% of the total paid-up share capital.

Regulatory Framework and Documentation

The transaction was executed in compliance with SEBI regulations governing substantial acquisition of shares. The disclosure was filed from Dubai on December 23, 2025, confirming the completion of the off-market transfer through gift between promoter family members.

Key regulatory aspects include:

• Compliance with Regulation 29(2) of SEBI SAST Regulations, 2011
• Off-market transfer between promoter family members
• No requirement for open offer due to inter-se transfer exemption
• Timely disclosure to stock exchanges within prescribed timeline

The acquisition represents an internal restructuring within the promoter group, consolidating voting rights under Rashid Ahmed Mirza's direct control while maintaining the family's collective stake in REDTAPE Limited.

Redtape , a prominent player in the Indian market, has recently disclosed its financial performance for the second quarter. The company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, on November 14.

Financial Results

Redtape reported a consolidated profit after tax (PAT) of INR 27.00 crores for Q2, marking a 9.85% growth compared to the same period last year. The company's total standalone income stood at INR 501.00 crores. These figures demonstrate Redtape's continued financial strength and growth trajectory in the current economic climate.

Operationally, Redtape has expanded its retail presence, now boasting 513 exclusive stores across 328 cities. This extensive network underscores the company's commitment to reaching a wider customer base and strengthening its market position.

Business Strategy

Redtape has maintained its capital-light business model and discount pricing strategy, which have been key factors in its success. The company is targeting a 20% year-on-year growth while simultaneously expanding into premium segments. This expansion includes the introduction of a new brand, Ozark, and enhanced product categories, indicating Redtape's efforts to diversify its offerings and capture different market segments.

Share Transfer Window Extension

In addition to the financial update, Redtape has issued an important reminder to its shareholders regarding the special window for re-lodgement of physical share transfer requests. This window, which is currently open, provides an opportunity for shareholders who had lodged their physical share transfer requests before April 1, 2019, but were rejected or returned due to deficiency in documents.

Key details of the share transfer window:

This extended window is particularly significant as it allows shareholders to address any past issues with their share transfer requests and ensure proper documentation and transfer of their holdings.

Implications for Investors

The release of quarterly financial results and the extension of the share transfer window have several implications for Redtape's stakeholders:

1. Financial Performance Assessment: The reported 9.85% growth in PAT and substantial standalone income provide investors and analysts with concrete figures to assess the company's financial health and performance trends.

2. Expansion and Growth: The increase in exclusive stores and the company's target of 20% year-on-year growth indicate a strong focus on expansion and market penetration.

3. Diversification Strategy: The introduction of the Ozark brand and expansion into premium segments showcase Redtape's efforts to diversify its product portfolio and target new customer segments.

4. Shareholder Opportunity: The extended share transfer window provides a valuable opportunity for eligible shareholders to rectify any past issues with their physical share transfer requests.

5. Corporate Governance: The company's proactive approach in reminding shareholders about the special transfer window reflects positively on its corporate governance practices.

As the market digests this information, investors and analysts will likely be watching closely for any impact on Redtape's stock performance and future outlook.

Note: Investors are advised to review the detailed financial statements and consult with financial experts before making any investment decisions based on this information.