Tej Soni Acquires 9.99% Stake in IZMO Limited via Gifted Shares
Tej Soni acquired 14,96,257 equity shares (9.99%) in IZMO Limited as a gift from promoters Mrs. Shashi Soni and Mrs. Kiran Soni on September 28, 2026. This transaction is an inter-se transfer within the promoter group and is exempt from open offer requirements.
The acquisition involves shares transferred as a gift within the existing promoter group, with no change in control or significant financial transaction. Therefore, the immediate market impact is expected to be low.
The announcement details a change in shareholding within the promoter group via a gift, which is a routine disclosure under takeover regulations and does not inherently indicate a positive or negative change in the company's prospects or performance.
Tej Soni, part of the Promoter Group of IZMO Limited, has acquired 14,96,257 equity shares, representing 9.99% of the company's paid-up capital. The acquisition was made through an off-market inter-se transfer as a gift from two promoters, Mrs. Shashi Soni and Mrs. Kiran Soni, without any financial consideration.
This disclosure is made under Regulation 10(6) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mr. Soni is an immediate relative of the promoters. Previously, disclosures under Regulation 10(5) were made on September 11, 2026, and an intimation was provided on September 24, 2026. The shares were acquired on September 28, 2026, with 32,991 shares received from Mrs. Shashi Soni and 14,63,266 shares from Mrs. Kiran Soni.
Following the transaction, Mrs. Kiran Soni's shareholding reduced from 16.08% to 6.31% (9,45,596 shares), and Mrs. Shashi Soni's holding decreased from 14.99% to 14.77% (22,12,730 shares). Mr. Tej Soni now holds 9.99% (14,96,257 shares) of the total paid-up share capital. The acquisition is exempted from making an open offer under Regulation 10(1)(a)(i) of the SEBI (SAST) Regulations.
What to do with a filing like this
IZMO 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 IZMO Limited. Read the original for the full detail.