Goldiam International Limited has received intimation from promoter Rashesh Manhar Bhansali regarding proposed inter-se transfer of 52,98,118 equity shares (4.69% stake) from his mother Mrs. Shobhnaben Manharkumar Bhansali through gift transaction. The off-market transfer, scheduled on or after March 10, 2026, will convert individual holding to joint shareholding with no change in aggregate promoter group stake. The transaction is exempt from open offer obligations under SEBI SAST Regulations and maintains existing control structure.
Goldiam International Announces Promoter Group Inter-Se Share Transfer of 52,98,118 Equity Shares
Goldiam International Limited has informed stock exchanges about a proposed inter-se transfer of equity shares within its promoter group, as per regulatory filing dated March 2, 2026. The transaction involves the transfer of shares between immediate family members within the promoter group structure.
Transaction Details
The proposed transaction involves Mr. Rashesh Manhar Bhansali, a promoter of the company, acquiring equity shares from his mother Mrs. Shobhnaben Manharkumar Bhansali through a gift arrangement. The transfer will convert the existing individual holding into a joint shareholding structure.
Parameter: Details Shares to be Transferred: 52,98,118 equity shares Percentage of Share Capital: 4.69% Transfer Method: Off-market gift transaction Consideration: Nil (without consideration) Proposed Date: On or after March 10, 2026
Regulatory Compliance
The transaction falls under the exemption provided by Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption applies to inter-se transfers between immediate relatives within the promoter group, making it exempt from the obligation to make an open offer under Regulation 3 of the SAST Regulations.
The volume weighted average market price for 60 trading days preceding the notice date was Rs. 377.15 per share, though this is not applicable given the gift nature of the transaction.
Shareholding Structure Impact
Shareholding Category: Before Transaction After Transaction Shares % of Capital % of Capital Acquirer and PACs: 4,33,50,000 (38.39%) 4,33,50,000 (38.39%) Transferor Holdings: 52,98,118 (4.69%) 52,98,118 (4.69%)
Key Transaction Features
The proposed transfer represents a reclassification of shareholding from sole ownership to joint holding arrangement. Mrs. Shobhnaben Manharkumar Bhansali will continue as the first holder in the joint shareholding structure with her son Rashesh Manhar Bhansali.
Important aspects of the transaction include:
No change in aggregate equity shareholding of the promoter and promoter group
No change in control of the company
Transaction executed in dematerialized form
Compliance with all applicable disclosure requirements under Chapter V of SAST Regulations
Corporate Communication
The company has formally communicated this development to both BSE Limited and National Stock Exchange of India Limited, providing complete documentation including the prior intimation received from the promoter. Company Secretary and Compliance Officer Pankaj Parkhiya has signed the regulatory filing on behalf of Goldiam International Limited.
The transaction demonstrates the company's commitment to maintaining transparency in promoter group activities while ensuring full compliance with regulatory requirements for substantial acquisition and takeover regulations.
Goldiam International has strengthened its retail presence in the lab-grown diamond jewelry segment with the opening of its 17th store under the Origem brand. The new store opened to the public on February 26, 2026, at Nexus Koramangala Mall in Bengaluru, marking a significant expansion in the company's retail footprint.
Store Launch Details
The latest Origem store represents Goldiam International's continued commitment to expanding its retail reach in key metropolitan markets. Located at GF 8, Ground Floor, Nexus Koramangala Mall, 21, Hosur Road, Koramangala, Bengaluru-560095, the store is strategically positioned to serve customers in one of Bengaluru's bustling commercial areas.
Parameter: Details Store Number: 17th store Brand: Origem Opening Date: February 26, 2026 Location: GF 8, Ground Floor, Nexus Koramangala Mall Address: 21, Hosur Road, Koramangala, Bengaluru-560095 Product Focus: Lab-grown diamond jewelry
Retail Network Expansion
This store opening reflects Goldiam International's strategic focus on expanding its retail network for lab-grown diamond jewelry. The company has previously established stores across major cities including Mumbai, Noida, Bengaluru, Chandigarh, Delhi, Kolkata, and Chennai. The retail locations span premium destinations such as Phoenix Palladium, Wave One Mall, Nexus Elante Mall, South City Mall, Phoenix Marketcity Mall, and Nexus Whitefield Mall.
Strategic Market Positioning
The launch of the 17th Origem store demonstrates the company's commitment to enhancing customer connection through increased retail accessibility. According to the company's official communication, this development aligns with Goldiam International's long-term strategy of expanding its retail presence and strengthening customer engagement across key markets. By establishing a presence in premium shopping destinations like Nexus Koramangala Mall, the company aims to reach a broader customer base and strengthen its market position in the lab-grown diamond jewelry segment.
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