Transpek Industry promoter Ashwin C. Shroff has announced his intention to acquire additional equity shares in the company through an internal restructuring transaction. The acquisition involves purchasing 307,225 equity shares from fellow promoter Shruti Atul Shroff, representing 5.50% of the company's total share capital.

Transaction Details

The share acquisition is scheduled to take place on or after December 24, 2025, and falls under the provisions of Regulation 10(1)(a)(ii) of SEBI (Acquisition of Shares and Takeovers) Regulations, 2011. This regulation exempts the acquirer from making an open offer to minority shareholders due to the internal restructuring nature of the transaction.

Pricing and Valuation

The acquisition price is determined based on market factors applicable to block deals. The volume weighted average market price for the 60 trading days preceding the notice date stands at ₹1,355.07. Ashwin C. Shroff has declared that the acquisition price will not exceed 25% above this computed price, ensuring compliance with regulatory requirements.

Shareholding Pattern Changes

The transaction will result in significant changes to the promoter shareholding structure. Before the proposed acquisition, Ashwin C. Shroff holds 293,322 shares representing 5.25% of the company's share capital. Post-acquisition, his holding will increase to 600,547 shares, constituting 10.75% of the total share capital.

Regulatory Compliance

The company has maintained proper disclosure practices under SEBI regulations. Historical records show consistent compliance with Regulation 31(4) requirements, with declarations filed for financial years ended March 31, 2023, 2024, and 2025, confirming no encumbrance of shares during these periods.

Company Profile

Transpek Industry Limited operates in the chemicals sector and is classified as a small-cap company with a market capitalization of ₹708.14 crores. The company's total issued share capital comprises 5,585,569 equity shares, with the promoter group collectively holding a majority stake in the business.

Transpek Industry Limited , a key player in the Indian chemical industry, has witnessed a significant change in its shareholding structure. Vishwa A. Shroff, a promoter of the company, has completely divested his stake in a move that caught the attention of market observers.

Key Details of the Transaction

Impact on Shareholding

The transaction has resulted in a complete exit for Vishwa A. Shroff from the company's shareholding structure. Prior to this sale, Shroff held 116,903 equity shares, representing 2.09% of Transpek Industry's voting capital. Following the divestment, his holding has been reduced to zero.

Transaction Specifics

The sale was executed through a block deal in the open market, characterized as an inter-se transfer among promoters. This suggests that while Shroff has exited his position, the shares may have been acquired by other members of the promoter group, potentially maintaining the overall promoter stake in the company.

Regulatory Compliance

In adherence to regulatory requirements, the company has made the necessary disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transparency ensures that all stakeholders are informed about significant changes in the company's ownership structure.

Market Implications

While the immediate market reaction to this transaction remains to be seen, such changes in promoter holdings often attract investor attention. Stakeholders and potential investors may be keen to understand the rationale behind this divestment and its potential implications for the company's future direction and governance.

As Transpek Industry Limited navigates this change in its ownership structure, market participants will likely monitor for any subsequent announcements or changes in the company's strategic direction that may follow this significant promoter exit.