Tainwala Chemical And Plastic Announces Intimate Share Transfer of 6,00,232 Shares
Tainwala Chemical and Plastic (I) Limited has confirmed a substantial transfer of its equity shares by way of gift between immediate family members. Rakesh Dungarmal Tainwala is set to acquire 6,00,232 Equity Shares from his brother, Mr. Rajkumar Tainwala.The proposed transaction involves the transfer of 6,00,232 Equity Shares of face value of Rs. 10/- each. The transfer is structured as a gift, meaning there is no monetary consideration involved in the aforesaid transaction.
According to the details provided, Mr. Rakesh Dungarmal Tainwala, the acquirer, is stated to be a promoter of the company and the brother of the transferor, Mr. Rajkumar Tainwala. The acquisition is scheduled to take place on or after June 1, 2026.
The proposed gift transfer significantly updates the shareholding pattern of the company. Before the transaction, Mr. Rajkumar Tainwala held 6,05,060 shares, accounting for 6.46% of the total share capital. Following the acquisition of 6,00,232 shares, Mr. Rakesh Dungarmal Tainwala's stake will increase to 6.41%.
The following table details the shareholding status of Tainwala Chemical and Plastic (I) Limited before and after the proposed transfer:
| Shareholder | Position | Before Proposed Transaction (Shares) | Before Proposed Transaction (% of Capital) | After Proposed Transaction (Shares) | After Proposed Transaction (% of Capital) |
|---|---|---|---|---|---|
| Rakesh Dungarmal Tainwala (Acquirer) | Acquirer | 0 | 0 | 6,00,232 | 6.41 |
| Shobha Ramesh Tainwala | Promoter | 9,72,069 | 10.38 | 9,72,069 | 10.38 |
| Ramesh Tainwala | Promoter | 29,31,961 | 31.31 | 29,31,961 | 31.31 |
| Arushi Rajkumar Tainwala | Promoter | 1,000 | 0.01 | 1,000 | 0.01 |
| Concept Reality and Securities Private Limited | Promoter | 18,06,658 | 19.29 | 18,06,658 | 19.29 |
| Tainwala Holdings Private Limited | Promoter | 27,867 | 0.30 | 27,867 | 0.30 |
| Periwinkle Fashions Private Limited | Promoter | 8,844 | 0.09 | 8,844 | 0.09 |
| Rajkumar Tainwala (Transferor) | Seller | 6,05,060 | 6.46 | 4,828 | 0.05 |
TAINWALCHM Stock Price Movement
Today, Tainwala Chemical and Plastic (I) Limited shares edged higher, closing at ₹199.94, representing a solid 2.17% gain. The stock settled on a total traded volume of 1,412 shares, marking a positive finish for the industrial products sector today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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