Uniroyal Industries Limited has announced an inter-se transfer of shares between promoters, with Rashmi Mahajan set to acquire a significant stake from her son Abhay Mahajan through a gift transfer. The transaction, scheduled for January 10, 2026, involves the transfer of 713,475 equity shares representing 8.63% of the company's total share capital.

Transaction Details

The share transfer will be executed as a gift from Abhay Mahajan to his mother Rashmi Mahajan, both of whom are part of the promoter group. The transaction falls under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011, specifically under regulation 10(1)(a)(i), which exempts such inter-se transfers from mandatory open offer requirements.

Shareholding Impact

The transaction will significantly alter the individual shareholding pattern within the promoter group while maintaining the overall promoter holding at 55.89%. Rashmi Mahajan's individual stake will increase substantially from 4.97% to 13.60% post-transaction.

Promoter Group Holdings

The detailed shareholding structure reveals the composition of the promoter group, with Arvind Mahajan holding the largest individual stake at 31.80%. Other promoter group members include Akhil Mahajan (6.33%), Dimple Mahajan (3.91%), and smaller holdings by Akhil Mahajan HUF and Anila Aggarwal.

Regulatory Compliance

The company has filed the necessary disclosure with the Bombay Stock Exchange on January 6, 2026, in compliance with SEBI regulations. The filing was submitted pursuant to regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure requirement) Regulations, 2015, and other applicable provisions. Rashmi Mahajan has declared that both transferor and transferee will comply with applicable disclosure requirements under Chapter V of the Takeover Regulations 2011. The acquirer has also confirmed compliance with all conditions specified under regulation 10(1)(a) regarding exemptions from open offer requirements.

Market Considerations

Since the transfer involves no financial consideration and is executed as a gift between family members, market price considerations typically applicable to share acquisitions do not apply to this transaction. The company's shares are listed and frequently traded on the BSE, but the gift nature of the transfer exempts it from volume-weighted average market price calculations that would normally be required for such substantial acquisitions. The transaction maintains the overall promoter group holding at 55.89% while redistributing individual stakes within the family.

Uniroyal Industries Limited has announced the resignation of its Company Secretary and Compliance Officer, Ms. Neha Miglani. The company disclosed this information in a regulatory filing to the BSE Limited on August 13, 2025.

Key Details of the Resignation

• Effective Date: Ms. Miglani's resignation will be effective from the close of working hours on August 13, 2025.
• Reason: The resignation has been attributed to personal reasons.
• Acceptance: Uniroyal Industries has accepted Ms. Miglani's resignation.

Company's Response

The management of Uniroyal Industries Limited has stated that the appointment of a new Company Secretary will be communicated to the stock exchange soon. This prompt disclosure aligns with the company's commitment to maintaining transparency with its shareholders and complying with regulatory requirements.

About Uniroyal Industries Limited

Uniroyal Industries Limited is a company listed on the Bombay Stock Exchange (BSE). The company's registered office is located at 365, Phase II, Industrial Estate, Panchkula - 134113, India.

The resignation of a key managerial person such as the Company Secretary is a significant event for any listed entity. Shareholders and market participants will likely be keen to see who Uniroyal Industries appoints as the new Company Secretary and Compliance Officer to ensure continued smooth operations and regulatory compliance.