Namo eWaste Management Limited Announces Proposed Inter-se Transfer of Shares
Namo eWaste Management Limited announced on March 23, 2026, a proposed acquisition of shares via an inter-se transfer among promoters. The transaction, involving a gift of shares, is expected to occur on or after March 27, 2026.According to the disclosure, Mr. Akshay Jain will transfer 42,50,000 shares to Mr. Naresh Kumar Jain, representing 18.59% of the shares held by Mr. Akshay Jain. Simultaneously, 29,41,439 shares will be transferred to Mrs. Rachna Jain, accounting for 12.87% of the shares held by Mr. Akshay Jain.
The aggregate consideration for the share transfer is nil, as it is an off-market inter-se transfer by way of gift.
The transaction falls under Regulation 10(1)(a)(i) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which provides an exemption for transfers among promoters. The company stated that the aggregate holding of promoters and promoter group remains unchanged as a result of this transaction.
Shareholding Details
The following table summarizes the shareholding details:
| Before Proposed Transaction | After Proposed Transaction | |
|---|---|---|
| Mr. Naresh Kumar Jain | 15,32,500 (6.70%) | 57,82,518 (25.29%) |
| Mrs. Rachna Jain | 13,580 (0.05%) | 11,00,000 (4.81%) |
| Mr. Akshay Jain | 82,91,439 (36.26%) | - |
Mr. Naresh Kumar Jain and Mrs. Rachna Jain, both acquirers and promoters, have signed the disclosure. The company is based in Faridabad, Haryana.
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