BSECompany Update1d ago · 24 Sept 2026, 03:31 pm
Disclosure under Regualtion 30 (LODR) - Receipt of RBI Approval for Change in Shareholidng/ Control and Management
RGF Capital Markets Ltd · 539669
✦ AI Summary▲ Positivechange_in_control
RGF Capital Markets Ltd has received RBI approval for change in shareholding/control and management, with new directors appointed.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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RGF Capital Markets Ltd - 539669 - Disclosure Under Regulation 30 (LODR)
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RGF CAPITAL MARKETS LIMITED
Regd Office: 14, N.S.ROAD,2ND FLOOR KOLKATA – 700001
CIN: L67120WB1983PLC036113
Phone: 033- 4005-5190
Email: rgfcapital@gmail.com, Website: www.rgfcapitalmarkets.com
Date: 24-09-2026
To, To,
BSE Limited, The Calcutta Stock Exchange Limited,
Phiroze Jeejeebhoy Towers, 7, Lyons Range,
Dalal Street, Kolkata — 700001
Mumbai-400001
Scrip Code: 539669 Scrip Code: RGF
Sub.: Intimation under Regulation 30 and of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulation, 2015.
Dear Sir/ Madam,
This is in continuation to the letters dated March 10, 2026;
(i) regarding execution of share purchase agreement amongst Proposed Acquirers and (1) Sagar Mal Nahata, (2) Sharp
Investments Ltd, (3) Caravan Vyapaar Pvt. Ltd. (4) Buddleia Traders Pvt. Ltd., (5) Synosy Automotive Pvt. Ltd., (6) Mission
Vyapaar Pvt. Ltd. And (7) Fortune Vyapaar Pvt. Ltd. (“Collectively Referred as Sellers”) for acquisition of equity shares of
RGF Capital Markets Limited from the Sellers.
(ii) informing about the public announcement dated March 10, 2026, in relation to an open offer to the public shareholders of
the RGF Capital markets limited issued by Kunvarji Finstock Private Limited, on behalf of Mr. Nishad Jitendra Shah
(Acquirer-1), M/s. Nishad Jitendra Shah HUF (Acquirer-2), Ms. Rajshree Nishad Shah (Acquirer-3), Mr. Parshwa Nishad
Shah (Acquirer-4), Ms. Payal Paras Shah (Acquirer-5), M/s. Trupti Management Services Private Limited (Acquirer-6), M/s.
Rocksolid Investments (Acquirer-7), M/s. Rocksolid Enterprise (Acquirer-8) and M/s. Rockthree Framework LLP (Acquirer-
9) (collectively referred to as the “Acquirers”), for acquiring equity shares of the Company pursuant to and in compliance with
the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations,
2011, as amended from time to time.
Further, it is to be informed that the Acquires have already received approval cum observation letter from the Securities and
Exchange Board of India (“SEBI”) vide its letter dated June 11, 2026 in relation to the proposed change in shareholding,
control and management of the Company.
In this regard, we wish to further inform you that the Company has received approval from the Reserve Bank of India
(“RBI”) vide its letter dated September 24, 2026, bearing reference no. KOL.DOR.NO.S1089/01-01-001/2026-27, in
relation to the proposed change in shareholding and management of the Company.
The aforesaid approval has been granted by the RBI in connection with the proposed acquisition of shareholding in the
Company and the consequent change in control and management, subject to the terms and conditions stipulated in the said
RBI approval and compliance with the applicable provisions of law.
Additionally, the RBI has also approved the proposed change in management of the Company and has accorded its approval
for the appointment of Mr. Nishad Jitendra Shah (DIN: 00357197) and Mrs. Rajshree Nishad Shah (DIN: 01267034) as
Directors of the Company, subject to the terms and conditions specified in the RBI approval letter and applicable statutory
and regulatory requirements.
You are requested to take the above information on record.
Yours Faithfully,
For, RGF CAPITAL MARKETS LIMITED
SAGAR MAL NAHATA
MANAGING DIRECTOR
DIN: 00307611