Mukesh Ramniranjan Ruia, promoter of Shekhawati Industries Limited, transferred 6,50,000 equity shares as gift on March 17, 2026, reducing his shareholding from 24.80% to 22.92%. The inter-se transfer was disclosed under SEBI regulations to BSE and NSE, with the company's total equity capital remaining unchanged at ₹34,47,00,000 comprising 3,44,70,000 shares of ₹10 each.

Shekhawati Industries Promoter Transfers 6.5 Lakh Equity Shares Through Gift Transaction

Shekhawati Industries Limited's promoter Mukesh Ramniranjan Ruia has disclosed a significant share transfer transaction involving 6,50,000 equity shares through gift on March 17, 2026. The transaction was reported to both BSE Limited and National Stock Exchange of India Limited under regulatory compliance requirements.

Transaction Details

The share transfer represents an inter-se transfer executed by way of gift, reducing Ruia's direct shareholding in the company. The transaction details are summarized below:

Parameter Details Transaction Type Inter-se Transfer (By way of Gift) Number of Shares 6,50,000 equity shares Transaction Date March 17, 2026 Disclosure Date March 18, 2026 Share Value ₹10 per equity share

Shareholding Changes

The gift transaction resulted in a notable change in the promoter's shareholding pattern. Ruia's stake decreased from 24.80% to 22.92% of the total share capital.

Shareholding Position Before Transaction After Transaction Change Number of Shares 85,50,000 79,00,000 -6,50,000 Percentage Holding 24.80% 22.92% -1.88% Voting Rights 24.80% 22.92% -1.88%

Company Share Capital Structure

Shekhawati Industries Limited maintains a stable equity share capital structure that remained unchanged following this transaction:

Total Equity Share Capital: ₹34,47,00,000

Number of Equity Shares: 3,44,70,000 shares

Face Value per Share: ₹10

Diluted Share Capital: ₹34,47,00,000

Regulatory Compliance

The disclosure was made in accordance with multiple regulatory frameworks:

SEBI (SAST) Regulations 2011: Under Regulation 29(1) for substantial acquisition disclosures

SEBI (PIT) Regulations 2015: Under Regulation 7(2) read with 6(2) for insider trading compliance

Stock Exchange Listing: Reported to both BSE (Code: 533301) and NSE (Code: SHEKHAWATI)

Promoter Group Details

The disclosure also identified the complete promoter group structure, which includes Mukesh Ramniranjan Ruia HUF, Altius Buildcon Private Limited, family members including Shrey Mukesh Ruia, Kalpana Mukesh Ruia, and Ramniranjan N Ruia, along with associated entities like SKI Buildcon Private Limited, SKI Realtech Private Limited, Vinayak Clothings Private Limited, and M.R. Ruia Family Trust.

The transaction represents a standard inter-se transfer within the promoter group structure, with no impact on the company's overall equity capital or operational framework. The disclosure ensures transparency and regulatory compliance for all stakeholders.

Shekhawati Industries Limited has decided to withdraw from its proposed investment in Shekhawati & Shubhraj Developers LLP, marking a strategic reversal from its earlier announced plans. The company communicated this decision to both BSE and National Stock Exchange on 11th February, 2026.

Investment Decision Reversal

The company had previously announced its intention to invest in the limited liability partnership following a board meeting outcome that was submitted to exchanges on 15th December, 2025. The proposed investment would have involved Shekhawati Industries subscribing as a partner in Shekhawati & Shubhraj Developers LLP.

Parameter: Details Original Announcement Date: 15th December, 2025 Withdrawal Date: 11th February, 2026 Proposed Investment: Partnership in Shekhawati & Shubhraj Developers LLP Investment Type: Subscription as partner

Regulatory Compliance

The intimation was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

Company Information

Shekhawati Industries Limited, formerly known as Shekhawati Poly-Yarn Limited, is listed on both major Indian stock exchanges. The company trades under scrip code 533301 on BSE and symbol SHEKHAWATI on NSE. The notification was signed by Meena Ashish Agal, who serves as CFO, Company Secretary & Compliance Officer.

The company's registered office is located at Express Zone, 'A' Wing, 11th Floor, Unit No. 1102/1103, Near Patel Vatika, Off Western Express Highway, Malad (E), Mumbai-400 097, Maharashtra.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.