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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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk6/10
Balance Sheet Risk4/10
Liquidity Impact5/10
Market Sentiment5/10

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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