BSEInsider Trading / SAST31 Aug 2026 · 31 Aug 2026, 10:26 am
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, ....
Prima Innovation Ltd · 544855
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Prima Innovation Ltd's promoter, Dilip Manharlal Parekh, intends to acquire 4,06,530 equity shares from his family members through an inter-se transfer, exempting him from making an open offer under SEBI (SAST) Regulations, 2011.
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Full Announcement
Prima Innovation Ltd - 544855 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
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BSE Limited
Corporate Relationship Department
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai– 400001
Scrip Code: 544855
Scrip Symbol: PRIMAINNO
Subject: Intimation to Stock Exchanges in respect of Proposed Acquisition under Regulation 10(1)(a) of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 - Disclosures under Regulation 10(5)
Dear Sir/ Madam,
Ii ntend to acquire from my family members/ PAC as an Inter-se Transfers among Promoters/ Relatives 4,06,530 Equity
Shares of Prima Innovation Limited, a Company listed on the Exchange.
As per the provisions of Regulation 10(1)X(a)(i)o f SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,
2011, Ih ereby confirm that, I am exempt from making an open offer under the said regulations.
Accordingly, pursuant to Regulation 10(6) I am enclosing herewith the necessary intimation of the said proposed
acquisition as per the format prescribed, duly completed and signed.
Please take note of the same and do the needful.
Thanking you,
Dilip Manharlal Parekh
Acquirer
Encl.: Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a)(i) of SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011
DISCLOSURE UNDER REGULATION 10(5) – INTIMATION TO THE STOCK EXCHANGE IN RESPECT OF
ACQUISITION UNDER 10(1)(a)i) OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SUBSTANTIAL
ACQUISITION OF SHARES AND TAKEOVERS) REGULATIONS, 2011
1 Name of the Target Company (TC) Prima Innovation Limited
2 Name of the Acquirer Dilip Manharlal Parekh
3. Whether the acquirer(s) is/ are promoters of Yes
the TC prior to the transaction. If not, nature
of relationship or association with the TC or
its promoters
4. Details of the proposed acquisition
Name of the person(s) from whom Mr. Dilip Manharlal Parekh proposes to acquire by
shares are to be acquired way of Inter-Se Transfers, further 4,06,530 Equity
Shares as detailed below:
Sr. Name of Existing No. of
No. Shareholders Shares
proposed to
be acquired
1 Mrs. Madhavi Dilip 4,06,530
Parekh
b Proposed date of acquisition 31 August, 2026 to 8th September, 2026
C. Number of shares to be acquired from As mentioned in 4(a) above.
each person mentioned in 4(a) above
d. Total shares to be acquired as % of 3.70% of the Total Share capital of TC.
share capital of TC
e. Price at which shares are proposed to Nil (The shares are being acquired as gift from Mrs.
be acquired Madhavi Dilip Parekh and no consideration will be
paid)
f Rationale, if any, for the proposed Inter-se transfer of shares between qualifying persons in
transfer terms of Regulation 10(1)(a)(i) of the Securities and
Exchange Board of India (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011
5. Relevant sub-clause of regulation 10(1) (a) Regulation 10(1)(a)() of the SEBI (SAST) Regulation,
under which the acquirer is exempted from 2011
making open offer
6. If, frequently traded, volume weighted Not Applicable; since the proposed transfer of shares
average market price for a period of 60 of the Target Company will be by the way of gift and
trading days preceding the date of issuance of no consideration will be paid.
this notice as traded on the stock exchange
where the maximum volume of trading in the
shares of the TC are recorded during such
period.
7. If in-frequently traded, the price as Not Applicable; since the proposed transfer of shares of
determined in terms of clause (e) of sub the Target Company will be by the way of gift and no
regulation (2) of regulation 8. consideration will be paid.
Declaration by the acquirer, that the Not Applicable; since the proposed transfer of shares of
8. acquisition price would not be higher by more the Target Company will be by the way of gift and no
than 25% of the price computed in point 6 or consideration will be paid.
point 7 as applicable.
Declaration by the acquirer, that the I, Dilip Manharlal Parekh, the Acquirer in the TC,
9. transferor and transferee have complied / will hereby declare that the transferor and the transferee
comply with applicable disclosure have eomplied'will comply with the applicable
requirements in Chapter V of the Takeover disclosure requirements in Chapter V of the Takeover
Regulations, 2011 (corresponding provisions Regulations, 2011.
of the repealed Takeover Regulations 1997)
Declaration by the acquirer that all the 1, Dilip Manharlal Parekh, the Acquirer in the TC,
10. conditions specified under regulation 10(1)(a) hereby declare that all the conditions as applicable to
with respect to exemptions has been duly this transaction as specified under regulation 10(1)a)
complied with. with respect to exemptions has been duly complied
with.
Shareholding details Before the proposed After the proposed
11. transaction transaction
No. of % w.r.t No. of % w.r.tt otal
shares total shares share capital
Ivoting share Ivoting of TC
rights capital of rights
a Acquirer(s) and PACs (other than 6005264 54.59% 6411794 58.29%
sellers)(*)
Shareholding of each entity is attached separately
b Seller(s) 406530 3.70% 0
Shareholding of each entity is attached separately
Total 6411794 58.29% 64117994 58.29%
Note:
• The aggregate holding of the Promoter and Promoter Group before and after the above inter-se transaction remain the same.
Aaebl
Dilip Manharlal Parekh
Acquirer
Date: 29th August, 2026
Place: Mumbai
Encl: A/a
Annexure to Item No-11 above
Shareholding details before and after proposed Transaction
Sr. No. Name of the Shareholder Before the Proposed No. of After the Proposed
Transaction shares Transaction
No of % w.r.t total proposed to No of % w.r.t total
shares/votin share capital be shares/votin share capital of
g rights of TC acquired/ g rights TC
(transferred)
A) Acquirer
1) Dilip Manharlal Parekh 3083230 28.03% 406530 3489760 31.73%
B) PACs (Other than Sellers)
Pratik Bhaskar Parekh 100 0.00% 100 0.00%
Bhaskar Manharlal Parekh 26852 10 24.41% 26852 1 0 24.41%
Hina Vijay Mehta 101 0.00% 101 0.00%
Chhaya Bhaskar Parekh 216711 1.97% 216711 1.97%
Paras Bhaskar Parekh 110 0.00% 110 0.00%
NitikaB Tolia 17703 0.16% 17703 0.16%
Paresh Rasiklal Mehta 2099 0.02% 2099 0.02%
Total (A+B) 6005264 54.59% 406530 6411794 58.29%
1) Madhavi Dilip Parekh 406530 3.70% (406530) 0.00%
Total (C) 406530 3.70% (406530) 0.00%
Grant Total( A+B+C) 6411794 58.29% 6411794 58.29%
Dilip Manharlal Parekh
Acquirer
Date: 29th August, 2026
Place: Mum bai