BSEInsider Trading / SAST6d ago · 14 Aug 2026, 01:07 pm
The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunil Shah & Others
Parmax Pharma Ltd · 540359
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Parmax Pharma Ltd has received a disclosure under Regulation 18(6) of SEBI (SAST) Regulations, 2011, regarding the acquisition of 11,52,450 equity shares by Dhiren Chandulal Shah and Sunil Chinubhai Shah, and other persons, pursuant to a Share Purchase Agreement dated June 08, 2026.
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Parmax Pharma Ltd - 540359 - Disclosures under Reg. 18(6) of SEBI (SAST) Regulations, 2011
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SU IL CHI UBHAI SHAH
Vidyabhavan, 22/39 New JaganathPlot, Dr. Yagnik Road, Rajkot, Gujarat
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort, Mumbai -400 001,
Maharashtra, India.
Parmax Pharma Limited
Plot No. 20, Survey No. 52, Rajkot-Gondal National Highway No. 27,
Hadamtala, Tal. Kotda Sangani,
Rajkot, Gujarat, 360311
Scrip ID: PARMAX | Scrip Code: 540359
Dear Sir/Madam,
Sub: Disclosure under Regulations 18(6) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST)
Regulations”).
This is to inform you that, Dhiren Chandulal Shah (“Acquirer 1”) and Sunil Chinubhai Shah
(“Acquirer 2”), Dhairya Dhiren Shah (“PAC 1”), Hiren Pravin Doshi (“PAC 2”), Sheetal Hiren Doshi
(“PAC 3”), Nirmal Sunilbhai Shah (“PAC 4”), Vijaykumar Natvarlal Shiyani (“PAC 6”) and Kamlesh
Natvarlal Shiyani (“PAC 7”), in terms of the SEBI (SAST) Regulations, have acquired 11,52,450 equity
shares of face value of Rs. 10.00 each of Parmax Pharma Limited ("Target Company) on August 13,
2026 pursuant to the Share Purchase Agreement dated June 08, 2026.
This disclosure is being submitted in compliance with Regulation 18(6) of the SEBI (Substantial
Acquisition ofShares and Takeovers) Regulations, 2011.
You are requested to kindly take the same on record and acknowledge receipt of this disclosure.
Thanking you.
Yours faithfully,
For and on behalf of Accqquirer 1 and Acquirer 2
Sunil Chinubhai Shah
Acquirer 2
Copy to:
Bhakti Aghera
Company Secretary
Parmax Pharma Limited
Plot No. 20, Survey No. 52, Rajkot-Gondal National Highway No. 27,
Hadamtala, Tal. Kotda Sangani,
Rajkot, Gujarat, 360311
SU IL CHI UBHAI SHAH
Vidyabhavan, 22/39 New Jaganath Plot, Dr. Yagnik Road, Rajkot, Gujarat
Format for Disclosure by acquirer for shares/ voting rights acquired during the offer period
under Regulation 18 (6) in terms of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
(i) !ame of the Target Parmax Pharma Limited
Company (TC)
(ii) !ame of the acquirers/ PAC Dhiren Chandulal Shah (“Acquirer 1”) and
Sunil Chinubhai Shah (“Acquirer 2”)
Dhairya Dhiren Shah (“PAC 1”), Hiren Pravin Doshi (“PAC
2”), Sheetal Hiren Doshi (“PAC 3”), Nirmal Sunilbhai Shah
(“PAC 4”), Rupa Sunil Shah (“PAC 5”), Vijaykumar
Natvarlal Shiyani (“PAC 6”), Kamlesh Natvarlal Shiyani
(“PAC 7”), Abhay Chinubhai Shah (“PAC 8”), Umang
Alkesh Gosalia (“PAC 9”) and Meena Alkesh Gosalia (“PAC
10”)
(iii) !ame of the persons/ Dhiren Chandulal Shah (“Acquirer 1”) and Sunil Chinubhai
entities who acquired shares Shah (“Acquirer 2”), Dhairya Dhiren Shah (“PAC 1”), Hiren
in the TC Pravin Doshi (“PAC 2”), Sheetal Hiren Doshi (“PAC 3”),
Nirmal Sunilbhai Shah (“PAC 4”), Vijaykumar Natvarlal
Shiyani (“PAC 6”) and Kamlesh Natvarlal Shiyani (“PAC 7”)
(iv) Whether disclosure about Yes, Dhiren Chandulal Shah (“Acquirer 1”) and Sunil
the persons / entities stated Chinubhai Shah (“Acquirer 2”), Dhairya Dhiren Shah (“PAC
at (iii) was given in the 1”), Hiren Pravin Doshi (“PAC 2”), Sheetal Hiren Doshi
detailed public (“PAC 3”), Nirmal Sunilbhai Shah (“PAC 4”), Vijaykumar
announcement as either Natvarlal Shiyani (“PAC 6”) and Kamlesh Natvarlal Shiyani
Acquirer or Persons acting (“PAC 7”), have been disclosed as Acquirer 1, Acquirer 2,
in concert with Acquirer. PAC 1, PAC 2, PAC 3, PAC 4, PAC 6 and PAC 7 in the public
(Yes/!o) announcement dated June 08, 2026, the detailed public
statement published on June 15, 2026, the Draft Letter of
If no, provide Offer dated June 22, 2026 and the Letter of Offer dated July
(a) Reasons for non- 21, 2026.
disclosure
(b) Relationship of the
entity with the Acquirer/
Person Shareholding of person
!umber
from who acquired the shares
of Shares
Date of Mode of whom Purchase (% w.r.t. total share
/ Voting
Acquisition Acquisition Shares / Price per Capital/ voting capital of
Rights
Voting Share Target Company)
Acquired
Rights Before After
Acquired acquisition Acquisition**
Off market Alkesh Acquirer 1:
acquisition Mahasukhlal 4,67,238
Acquirer of equity Gopani Acquirer (12.49% of
1: 13/08/2026 shares (Seller 1), 35.00 1: the the total
4,67,238 pursuant to Vipul Nil number of
Share Mahasukhlal equity shares
Purchase Gopani of TC)
SU IL CHI UBHAI SHAH
Vidyabhavan, 22/39 New Jaganath Plot, Dr. Yagnik Road, Rajkot, Gujarat
Agreement (Seller 2) Acquirer 2:
dated June and Pravina 71,077
Acquirer 08, 2026 * Mahasukh Acquirer (1.90% of the
2: Gopani 2: the total
71,077 (Seller 3) Nil number of
equity shares
of TC)
PAC 1:
93,448
(2.50% of the
PAC 1: PAC 1:
the total
93,448 Nil
number of
equity shares
of TC)
PAC 2:
1,68,206
(4.50% of the
PAC 2: PAC 2:
the total
1,68,206 Nil
number of
equity shares
of TC)
PAC 3:
18,690
(0.50% of the
PAC 3: PAC 3:
the total
18,690 Nil
number of
equity shares
of TC)
PAC 4:
1,24,597
(3.33% of the
PAC 4: PAC 4:
the total
92,097 32,500
number of
equity shares
of TC)
PAC 6:
1,24,597
(3.33% of the
PAC 6: PAC 6:
the total
1,24,597 Nil
number of
equity shares
of TC)
PAC 7:
1,24,597
(3.33% of the
PAC 7: PAC 7:
the total
1,17,097 7,500
number of
equity shares
of TC)
10,17,714
Total shareholding of acquirers and PACs before the acquisition (27.20% of the the total
(number as well as % of total share capital of TC) number of equity shares of
SU IL CHI UBHAI SHAH
Vidyabhavan, 22/39 New JaganathPlot, Dr. Yagnik Road, Rajkot, Gujarat
21,70,164
TOTAL shareholding of acquirers and PACs after the
(58.01% of the the total
acquisition
number of equity shares of
(!umber as well as % of total share capital of TC)
*Pursuant to the share purchase agreement dated June 08, 2026 (“SPA”) executed between the
Acquirer 1, Acquirer 2, PAC 1, PAC 2, PAC 3, PAC 4, PAC 6, PAC 7 and the Sellers, the Acquirer 1,
Acquirer 2, PAC 1, PAC 2, PAC 3, PAC 4, PAC 6 and PAC 7 have acquired an aggregate of 11,52,450
equity shares of the TC from the Sellers on August 13, 2026 in accordance with the terms and conditions
set out under the SPA, and other applicable laws.
**Acquirer 1, Acquirer 2, PAC 1, PAC 2, PAC 3, PAC 4, PAC 6 and PAC 7havepaid the consideration
amount for acquisition of the shares. Further, the said shares are yet to be credited to their respective
demat accounts.
I hereby declare that the information provided in the instant report is true and nothing has been
concealed therefrom.
For and on behalf of Accqquirer 1 and Acquirer 2
Sunil Chinubhai Shah
Acquirer 2
Date:13/08/2026
Place:Rajkot