NSEDisclosure under SEBI Takeover Regulations21 Aug 2026 · 21 Aug 2026, 04:03 pm
Disclosure under SEBI Takeover Regulations
Aakash Exploration Services Limited · AAKASH
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Aakash Exploration Services Limited has disclosed a transfer of shares amongst its promoters under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer involves Mr. Navinchandra Vershibhai Haria transferring 12,77,950 shares to Mr. Pravin Vershibhai Haria, a promoter of the company, without consideration. The transfer is exempt from making an open offer under Regulation 10(1)(a)(i) as it is an inter se transfer between promoters.
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Governance Concern3/10
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Full Announcement
Navinchandra Vershibhai Haria 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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21'1August.2026
The National Stock Exchange of India Limited
Exchange Plaza, C-1, Block-G,
Bandra Kurla Complex, Bandra (East),
Mumbai - 400051
Sub: Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of
acquisition under Regulation 10(1Xa) of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Ref. Inter-se Transfer of Shares amongst the Promoters of Aakash Exploration Services
Limited.
Dear Sir lMadam,
In reference to the captioned subject matter, kindly find herewith attached the requisite
disclosure under Regulation 10(5) - Prior Intimation to Stock Exchanges in respect of
acquisition under Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 201 1.
You're requested to take the disclosure for record and dissemination purpose.
Thanking you
Yours faithfully
For and on behalf of the Acquirer(s)
Navinchandra Vershibhai Haria
Acquirer
Aakash Exploration Services Limited
Regd. Off: 1105 to 1108, Anam-2,
Bopal, Ambali,
Ahmedabad - 380058
Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of
acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
I Name of the Target Company (TC) Aakash Exploration Services Limited
2 Name of the Acquirer(s) Mr. Navinchandra Vershibhai Haria
Whether the acquirer(s) is / are
promoters of the TC prior to the
J transactions. If not, Nature of Yes, Acquirer is Promoter of Target Company
relationship or association with the TC
or its promoters
4 Details of the proposed acquisition
a. Name of the Person(s) from whom Mr. Pravin Vershibhai Haria
shares are to be acquired
b. Proposed date of acquisition On or after August 27, 2026
c. Number of shares to be acquired from 12,77.950
each person mentioned in 4(a) above
d. Total shares to be acquired as %' of
7.19%
share capital of TC
e. Price at which shares are proposed to Shares are being transferred without consideration
be acquired by r.vay of Gift
f. Rationale, if any, for the proposed Inter se Transfer by the Promoter to their
imrnediate relative as per Regulation 10(1)(a)(i) of
transfer
the SEBI (SAST) Regulations,2011
Relevant sub-clause Regulation
5 10(1)(a) under which the acquirer is Regulation 10(1) (a) (i)
exempted from making open offer
If, frequently traded, volume weighted
average market price for a period of 60
Not Applicable
trading days preceding the date of
6 issuance of this notice as traded on the
The shares are proposed to be transferred by way
Stock Exchange where the maximum
of Gift. Therefore, no consideration is involved.
volume of trading in the shares of the TC
are recorded durine such period
in-frequently traded, the price as
-7 determined in terms of clause (e) of sub- NotApplicable
regulation (2) of regulation 8
Declaration by the acquirer, that the
acquisition price would not be higher by Not applicable, since the transfer is w.ithout
more than 25%o of the price computed in consideration, by rvay of Gift
point 6 or point 7 as applicable
i. Declaration by the acquirer, that the
transferor and transferee have complied
(during 3 years prior to the date of
proposed acquisition) / will comply with I hereby declare that the transferor and transferee
applicable disclosure required in Chapter have complied with applicable disclosure
9 V of the Takeover Regulations,2011 requirements in Chapter V of the takeover
Regulations,2011
ii. The aforesaid disclosure made during
previous 3 years prior to the date of
proposed acquisition to be furnished
Declaration by the acquirer that all the It is hereby declared by the acquirer(s) that all the
conditions specified under regulation conditions specified under regulation 10(1)(a) with
10 10(1)(a) with respect to exemptions has respect to exemptions have been duly complied
been duly complied with with
Before the proposed After the proposed
11 Shareholding details transaction transaction
No of w.r.t. No of % w.r.t. total
Shares I total Shares I
share Capital
Voting share Voting
ofTC
Rigirts Capital Rights
ofTC
A) Acquirer(s) and PACs (other than
sellers
i) Mr. Navinchandra Vershibhai Haria 1,500 0.00 72,79,450 7.19
B) Seller(s)
i) Pravin Vershibhai Hana 72,77,950 7.19 0 0.00
For and on behalf Acquirer(s)
Navinchandra Vershibhai Haria
Acquirer
Date: 21 Augtxt2026
Place: Ahmedabad