BSEInsider Trading / SAST6d ago · 31 Jul 2026, 10:17 am
The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sadhana Uday Chourasia & Other
Maxgrow India Ltd · 521167
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Maxgrow India Ltd has received a revised disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding an off-market transfer of 11,25,513 equity shares (2.82% of total paid-up capital) from Metal Industrial Pte. Limited, a promoter, to Ms. Sadhana Uday Chourasia, a public shareholder, to facilitate compliance with Minimum Public Shareholding (MPS) requirements.
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Maxgrow India Ltd - 521167 - Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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MAXGROW INDIA LIMITED
Suchita Business Park, Ground Floor, Office No. UG-50,
Y. G. Seth Marg, Ghatkopar - East, Mumbai - 400 075.
CTS No. 5808.Email: maxgrowlegal@gmail.com | info@maxgrowindia.in
CIN–L51100MH1994PLC076018 | Web: www.maxgrowindia.in
Date: 30.07.2026
The Secretary
Bombay Stock Exchange Limited
Floor 25, Phiroze Jeejeebhoy
Towers, Dalal Street
Mumbai – 400 001
E-mail: corp.relations@bseindia.com
Script Code: 521167
Dear Madam/Sir,
Subject: Revised Disclosure with respect to off market transfer of shares of Maxgrow India Limited from
Promoter to public shareholder.
The Maxgrow India Limited (“Company”) has received a disclosure under Regulation 29(2) of the SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Metal Industrial Pte. Limited, a
Promoter of the Company, in respect of an off-market transfer of 11,25,513 equity shares (2.82% of total paid up
capital of Company) to Ms. Sadhana Uday Chourasia, a public shareholder. The said transfer has been undertaken
to facilitate compliance with the Minimum Public Shareholding (MPS) requirements applicable to the Company.
Consequently, the aggregate promoter shareholding stands reduced from 92.82% to 90.00%, and the public
shareholding has increased from 7.18% to 10.00%.
Kindly take the enclosed disclosure on record.
Kindly acknowledge the receipt.
Yours Sincerely,
Maxgrow India Limited
Name: Shivkumar Ramsagar Pasi
Designation: Managing Director
DIN: 10869886
MAXGROW INDIA LIMITED
Suchita Business Park, Ground Floor, Office No. UG-50,
Y. G. Seth Marg, Ghatkopar - East, Mumbai - 400 075.
CTS No. 5808.Email: maxgrowlegal@gmail.com | info@maxgrowindia.in
CIN–L51100MH1994PLC076018 | Web: www.maxgrowindia.in
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Maxgrow India Limited
Name of the Target Company (TC)
Acquirer: Sadhana Uday Chourasia
Name(s) of the acquirer and Persons Acting in Concert (PAC)
with the acquirer
Seller: Metal Industrial Pte. Limited, Promoter
Whether the acquirer belongs to Promoter/Promoter group
Bombay Stock Exchange (BSE)
Name(s) of the Stock Exchange(s) where the shares of TC are
Listed
Number % w.r.t.total % w.r.t. total
share/voting diluted
Details of the acquisition / disposal as follows capital share/voting
wherever capital of the TC
applicable(* (**)
3,70,76,072 92.82 92.82
Before the acquisition/sale under consideration, holding
of :
a) Shares carrying voting rights
b) Shares in the nature of encumbrance (pledge/ lien/
non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by shares
d) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the T C (specify holding in each
category)
e) Total (a+b+c+d) 3,70,76,072 92.82 92.82
11,25,513 2.82 2.82
Details of acquisition/sale
a) Shares carrying voting rights acquired/sold
b) VRs acquired /sold otherwise than by shares
c) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) acquired/sold
d) Shares encumbered / invoked/released by the acquirer
e) Total (a+b+c+/-d) 11,25,513 2.82 2.82
MAXGROW INDIA LIMITED
Suchita Business Park, Ground Floor, Office No. UG-50,
Y. G. Seth Marg, Ghatkopar - East, Mumbai - 400 075.
CTS No. 5808.Email: maxgrowlegal@gmail.com | info@maxgrowindia.in
CIN–L51100MH1994PLC076018 | Web: www.maxgrowindia.in
3,59,50,559 90 90
After the acquisition/sale, holding of:
a) Shares carrying voting rights
b) Shares encumbered with the acquirer
c) VRs otherwise than by shares
d) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) after acquisition
e) Total (a+b+c+d) 3,59,50,559 90 90
Off-Market Transfer
Mode of acquisition / sale (e.g. open market / off-market /
public issue / rights issue / preferential allotment / inter-se
transfer etc).
28.07.2026
Date of acquisition / sale of shares / VR or date of receipt of
intimation of allotment of shares, whichever is applicable
Rs. 199,725,325 (3,99,45,065 equity shares of
Equity share capital / total voting capital of the TC before the
Rs. 5/- each)
said acquisition / sale
Rs. 199,725,325 (3,99,45,065 equity shares of
Equity share capital/ total voting capital of the TC after the
Rs. 5/- each)
said acquisition / sale
Rs. 199,725,325 (3,99,45,065 equity shares of
Total diluted share/voting capital of the TC after the said
Rs. 5/- each)
acquisition/ sale
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange
under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the
outstanding convertible securities/warrants into equity shares of the TC.
Yours Faithfully,
For Maxgrow India Limited
Name: Shivkumar Ramsagar Pasi
Designation: Managing Director
DIN: 10869886
Place: Mumbai
Date: 30.07.2026