Kolte-Patil Developers: Inter-se transfer of 1.12% shares by gift under Takeover Regulations
Kolte-Patil Developers announced an inter-se transfer of 9,90,522 shares (1.12%) by gift from Mrs. Vandana Naresh Patil to Mr. Harshavardhan Naresh Patil on November 7, 2025, exempt under SEBI Takeover Regulations.
The impact is low as this is an internal transfer of shares between promoter group entities. It does not alter the overall promoter holding in the company or affect the public shareholding, nor does it involve any market transaction.
The inter-se transfer of shares by way of gift between immediate relatives is an internal family arrangement and does not indicate any change in the company's operational performance, strategic direction, or public float.
* Kolte-Patil Developers Limited received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, concerning an inter-se transfer of shares. * The transfer was by way of gift from Mrs. Vandana Naresh Patil (transferor/seller) to Mr. Harshavardhan Naresh Patil (acquirer). * The acquisition took place on November 7, 2025, involving 9,90,522 shares. * These shares represent 1.12% of the diluted share capital of Kolte-Patil Developers Limited. * The transaction is exempt from an open offer under Regulation 10(1)(a) of the SEBI Takeover Regulations. * Post-transaction, Mr. Harshavardhan Naresh Patil's shareholding increased from 19,11,623 shares (2.15%) to 29,02,145 shares (3.27%). * Mrs. Vandana Naresh Patil's shareholding decreased from 57,95,313 shares (6.54%) to 29,02,146 shares (3.27%), taking into account other simultaneous inter-se transfers.
What to do with a filing like this
Kolte - Patil Developers Limited filed this with the NSE as a statutory disclosure, categorised under substantial acquisition of shares and takeovers. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Kolte - Patil Developers Limited. Read the original for the full detail.