TC Promoter Group Executes Internal Share Transfer Among Family Members
TC's promoter group completed an internal share transfer on December 16, 2025, with Harsh Rajnikant Kilachand (HUF) disposing 2,46,825 shares (0.24%) to four family members through off-market transfer. The shares were equally distributed among Harsh Rajnikant Kilachand, Rohan Harsh Kilachand, Rohita Harsh Kilachand, and Natasha Harsh Kilachand, each acquiring approximately 61,706-61,707 shares representing 0.06% stake. The transaction was disclosed under SEBI regulations and represents an internal restructuring within the promoter group's shareholding pattern.
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TC has disclosed a substantial acquisition and disposal transaction involving its promoter group members, executed through an off-market share transfer on December 16, 2025. The transaction represents an internal restructuring within the Kilachand family's shareholding pattern.
Transaction Details
The share transfer involved Harsh Rajnikant Kilachand (HUF) as the disposer and four family members as acquirers. The transaction was structured as an equal distribution among the acquiring parties, with each member receiving identical shareholding portions.
| Parameter: | Details |
|---|---|
| Disposal Entity: | Harsh Rajnikant Kilachand (HUF) |
| Total Shares Disposed: | 2,46,825 shares |
| Percentage Disposed: | 0.24% |
| Transaction Mode: | Off-Market Inter-se Transfer |
| Transaction Date: | December 16, 2025 |
Acquirer Distribution
The disposed shares were equally distributed among four family members, each acquiring 61,706 or 61,707 shares representing 0.06% of the total shareholding.
| Acquirer Name: | Shares Acquired | Percentage |
|---|---|---|
| Harsh Rajnikant Kilachand: | 61,706 | 0.06% |
| Rohan Harsh Kilachand: | 61,707 | 0.06% |
| Rohita Harsh Kilachand: | 61,706 | 0.06% |
| Natasha Harsh Kilachand: | 61,706 | 0.06% |
Promoter Group Structure
The transaction involves members of TC's promoter group, which includes an extensive network of family members and associated entities. The broader promoter group encompasses various Kilachand family members and their associated investment vehicles.
Key promoter group entities include:
- Rajnikant A Kilachand (HUF)
- Harsh Rajnikant Kilachand (Rajnikant Kilachand Estate)
- Amrish Rajnikant Kilachand
- Ramila Rajnikant Kilachand
- Executors of Estate of Ambalal Kilachand
- Madhavi Kilachand
- Indian Commercial Co. Pvt. Ltd.
- Kesar Corporation Pvt. Ltd.
- Seel Investment Pvt. Ltd.
Regulatory Compliance
The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, demonstrating compliance with regulatory requirements for substantial shareholding changes. The transaction was reported to BSE Limited, where TC's shares are listed, ensuring transparency in promoter group shareholding modifications.
This internal share transfer reflects a restructuring of shareholding within the promoter group while maintaining the overall family control structure. The equal distribution among the four acquirers suggests a planned redistribution of ownership stakes within the Kilachand family members.
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