Chembond Material Technologies: Promoter to boost stake via gift

Sameer Vinod Shah, a promoter of Chembond Material Technologies Limited, will acquire 1,927,024 equity shares from Nirmal Vinod Shah, another promoter, through an off-market gift transaction. This transfer, constituting 14.33% of the company's share capital, is exempt from making an open offer under SEBI Takeover Regulations, 2011, as it is an inter-se transfer among qualifying persons. The transaction, proposed for December 26, 2025, involves no consideration, aligning with the nature of a gift.

Before the proposed transfer, Sameer Vinod Shah held 1,706,144 shares (12.69% of total share capital), while Nirmal Vinod Shah held 1,927,207 shares (14.28%). Following the transaction, Sameer Vinod Shah's stake will rise to 3,633,168 shares, representing 27.02% of the total share capital, and Nirmal Vinod Shah's holding will reduce to 183 shares (0.001%).

The acquisition is intended for the reorganization and realignment of shareholding within the promoter and promoter group. The equity share capital of Chembond Material Technologies Limited remains unchanged at Rs. 67,241,440 (13,448,288 shares of Rs. 5/- each) before and after the proposed transaction.