Shahnawaz Aijazuddin Shaikh has disclosed the sale of 1,04,780 equity shares of octaware technologies Limited through an off-market transaction completed on January 19, 2026. The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The off-market transaction significantly reduced Shaikh's stake in the technology company. The seller is not affiliated with the promoter or promoter group of Octaware Technologies.

Shareholding Changes

The transaction resulted in a substantial reduction in Shaikh's ownership percentage in the company. His total shareholding decreased by 2.92 percentage points following the completion of the sale.

Company Information

Octaware Technologies Limited is listed on BSE Limited with script code 540416. The company's registered office is located at 204 Timmy Arcade Makwana Road Marol Off Kurla Andheri Road, Mumbai – 400072, Maharashtra.

Regulatory Compliance

The disclosure was filed with BSE Limited's Department of Corporate Services and the Board of Directors of Octaware Technologies Limited on January 21, 2026. The transaction complies with SEBI regulations requiring disclosure of substantial changes in shareholding patterns. The seller confirmed that no encumbrances, voting rights other than shares, or convertible securities were involved in the transaction.

Walking Tree Technologies Private Limited has disclosed the acquisition of 1,76,000 equity shares of Octaware Technologies Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was completed on January 12, 2026, through an off-market transfer from Mr. Shah Nawaz Aijazuddin Shaikh.

Shareholding Changes

The acquisition has significantly strengthened Walking Tree Technologies' position in Octaware Technologies. The company's direct shareholding increased from 16,60,700 shares (46.25%) to 18,36,700 shares (51.15%), making it the majority stakeholder.

Transaction Details

The acquisition was executed through off-market transfer, a common method for substantial shareholding changes between identified parties. Walking Tree Technologies belongs to the promoter group of Octaware Technologies, and this acquisition further consolidates the promoter group's control over the company.

Persons Acting in Concert

Walking Tree Technologies operates alongside persons acting in concert (PACs), including Pradeep Lavania and Alok Ranjan as directors, and Mohammed Aslam Qudratullah Khan who holds 7,17,224 shares (19.98%). The PACs' individual holdings remained unchanged during this transaction, with the entire acquisition attributed to Walking Tree Technologies directly.

Company Structure

Octaware Technologies Limited maintains its equity share capital at ₹3,59,05,700, comprising 35,90,570 equity shares of ₹10 each. The company's shares are listed on BSE Limited under the symbol OCTAWARE with scrip code 540416. The total diluted share capital remains unchanged post-acquisition.

The disclosure was signed by Pradeep Lavania, Director of Walking Tree Technologies Private Limited (DIN: 03556845), and submitted to BSE Limited on January 13, 2026, in compliance with regulatory requirements.