NSEDisclosure under SEBI Takeover Regulations1d ago · 24 Sept 2026, 07:01 pm

Disclosure under SEBI Takeover Regulations

IZMO Limited · IZMO

✦ AI SummaryRegulatory

Tej Soni, a promoter of IZMO Limited, has submitted a disclosure under SEBI Takeover Regulations, stating that the transfer of 14,96,257 equity shares from his mother and sister-in-law to him could not be completed within the stipulated time due to rejection by the Depository Participant, Anand Rathi Share and Stock Brokers Limited, citing non-submission of documentary proof establishing the relationship between the transferor and the transferee.

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Earnings Impact1/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk6/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10

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 Tej Soni has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

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Date: September 24, 2026 From: Tej Soni Person belonging to Promoter Group izmo Limited The Manager The Manager – Listing Department Corporate Relationship Department National Stock Exchange of India BSE Limited Limited Floor 25, Phiroze Jeejeebhoy Tower Exchange Plaza, 5th Floor Dalal Street, Mumbai-400001 Plot No. C/1, G Block, Bandra Kurla Complex, Bandra(E), Mumbai-400051 BSE Scrip Code: 532341 NSE Symbol: IZMO Subject: Intimation regarding non-completion of transfer of shares of izmo Limited within the stipulated time pursuant to prior intimation dated September 11, 2026 filed under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Dear Sir/Madam, 1. I refer to my prior intimation dated September 11, 2026, filed with your exchange under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SAST Regulations"), regarding the proposed inter-se transfer of 14,96,257 equity shares of izmo Limited, constituting 9.9% of the total paid-up equity share capital of the Company, from: a. My mother, Mrs. Shashi Soni as Gift - 32,991 fully paid up Equity Shares; and b. My Sister-in-Law, Mrs. Kiran Soni as Gift - 14,63,266 fully paid up Equity Shares to the undersigned, being an immediate relative within the meaning of the SEBI SAST Regulations, and claiming exemption under Regulation 10(1)(a)(ii) thereof. 2. As stated in the said intimation, the proposed transfer was required to be completed within September 23, 2026. 3. I wish to inform you that the aforesaid transfer of shares could not be completed within the stipulated time on account of the rejection of the transfer instruction by Depository Participant of the Transferors (Donors), Anand Rathi Share and Stock Brokers Limited ("DP"), citing non-submission of documentary proof establishing the relationship between the transferor and the transferee, as required by the DP for processing an off- market transfer between relatives. Following is the sequence of events involved in the transactions: Duly filled and executed Delivery Instruction Slips (DIS) were submitted along with the original Gift Deeds for processing the off-market transfers of shares amongst Promoter- Promoter Group in the family. The DIS specifically mentioned the Reason Code as “Gift”, and the transaction involved no financial consideration whatsoever. The original Gift Deeds, which had already been submitted clearly recorded the relationship between the Donors (mother and sister-in- law) and Donee (undersigned) and expressly established the nature and intention of the transactions as gifts. Donors have fully cooperated with the verification process and had: submitted the duly filled and executed original DIS; submitted and produced the original Gift Deeds; clearly disclosed the relationship between the Donors and Donee in the Gift Deeds; specified Reason Code as Gift in the DIS; confirmed that the transaction is without financial consideration; duly provided the documents in the form of PAN and Aadhaar of the Donors and Donee to establish the relationship beyond any reasonable doubt; notice under Regulation 10(5) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 issued by the Donee to the Stock Exchanges, which has been duly published in public domain; paid the applicable transaction charges and completed all other formalities as requested by the DP. In spite of providing all the aforesaid documents, explanations and urgency in completing the transactions on 23.09.2026 as per the requirement of SEBI Regulations, DP has rejected the share transfers stated in the DIS unreasonably. 4. I would like to place on record that: a. The delay is procedural in nature and not attributable to any lapse in the underlying transactions or intent of the parties; b. We are in the process of collating and submitting the requisite documents/information to the DP, Anand Rathi Share and Stock Brokers Limited, to enable completion of the transfer at the earliest; c. The transfers, once effected, shall continue to be reported to the exchange(s) and to SEBI in terms of the applicable provisions of the SEBI SAST Regulations; d. In case the DP, Anand Rathi Share and Stock Brokers Limited, fails to appreciate our submission and continues to hinder the free transferability of shares pursuant to section 58(2) of the Companies Act, 2013, we will consider an alternative for completing the share transfers from another Depository Participant, where the Donors have their Demat Account(s). 5. This letter is being submitted purely as an intimation of the factual position and the reasons for the delay, for your records, and does not constitute a fresh application under Regulation 10(5). 6. I request you to kindly take the above on record. Thanking you, Yours faithfully, Tej Soni Person belonging to Promoter Group izmo Limited Enclosures: Copy of original intimation dated September 11, 2026 under Regulation 10(5); and Copy of Delivery Instruction Slip’s provided to the DP.